Gem Diamonds (GEMD) Rating Reiterated by Canaccord Genuity
GEMD has been the subject of several other research reports. FinnCap reissued a buy rating and issued a GBX 150 ($2.03) price target on shares of Gem Diamonds in a report on Thursday, November 23rd. Barclays decreased their price target on shares of Gem Diamonds from GBX 85 ($1.15) to GBX 71 ($0.96) and set an underweight rating for the company in a report on Tuesday, October 24th. Liberum Capital reissued a hold rating and issued a GBX 90 ($1.22) price target on shares of Gem Diamonds in a report on Tuesday, December 12th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 100 ($1.36) target price on shares of Gem Diamonds in a research note on Wednesday, November 1st. Finally, Panmure Gordon reaffirmed a buy rating and issued a GBX 132 ($1.79) target price on shares of Gem Diamonds in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Gem Diamonds presently has a consensus rating of Hold and a consensus target price of GBX 105.25 ($1.43).
Gem Diamonds (LON:GEMD) opened at GBX 81.60 ($1.11) on Friday. Gem Diamonds has a fifty-two week low of GBX 66 ($0.90) and a fifty-two week high of GBX 124.75 ($1.69). The stock has a market cap of $110.77 and a price-to-earnings ratio of -113.33.
About Gem Diamonds
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.
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