Gem Diamonds Limited (GEMD) Given Consensus Rating of “Hold” by Analysts

Shares of Gem Diamonds Limited (LON:GEMD) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 111 ($1.53).

A number of equities analysts recently issued reports on the stock. Liberum Capital reissued a “buy” rating and issued a GBX 115 ($1.59) price objective on shares of Gem Diamonds in a report on Wednesday. Canaccord Genuity reaffirmed a “speculative buy” rating and set a GBX 120 ($1.66) price target on shares of Gem Diamonds in a report on Thursday, March 8th. Barclays lowered their price target on shares of Gem Diamonds from GBX 71 ($0.98) to GBX 60 ($0.83) and set an “underweight” rating on the stock in a report on Monday, January 8th. Finally, FinnCap reaffirmed a “buy” rating and set a GBX 150 ($2.07) price target on shares of Gem Diamonds in a report on Thursday, November 23rd.

Shares of Gem Diamonds (GEMD) opened at GBX 97 ($1.34) on Wednesday. The firm has a market capitalization of $133.14 and a P/E ratio of -138.57. Gem Diamonds has a 12 month low of GBX 66 ($0.91) and a 12 month high of GBX 117.99 ($1.63).

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Gem Diamonds Company Profile

Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.

Analyst Recommendations for Gem Diamonds (LON:GEMD)

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