Gem Diamonds (GEMD) Rating Reiterated by Liberum Capital
Gem Diamonds (LON:GEMD)‘s stock had its “under review” rating reaffirmed by research analysts at Liberum Capital in a report issued on Monday.
GEMD has been the subject of several other reports. Barclays lowered their target price on Gem Diamonds from GBX 71 ($0.96) to GBX 60 ($0.81) and set an “underweight” rating for the company in a research note on Monday, January 8th. FinnCap restated a “buy” rating and set a GBX 150 ($2.03) target price on shares of Gem Diamonds in a research note on Thursday, November 23rd. Canaccord Genuity restated a “speculative buy” rating and set a GBX 95 ($1.29) target price on shares of Gem Diamonds in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 100 ($1.36) target price on shares of Gem Diamonds in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Gem Diamonds presently has an average rating of “Hold” and an average target price of GBX 105.25 ($1.43).
Shares of Gem Diamonds (LON GEMD) opened at GBX 92 ($1.25) on Monday. The firm has a market capitalization of $125.76 and a PE ratio of -129.58. Gem Diamonds has a 52 week low of GBX 66 ($0.90) and a 52 week high of GBX 124.75 ($1.69).
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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.
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