Firestone Diamonds PLC (FDI) Lowered to “Sector Performer” at Royal Bank Of Canada

Firestone Diamonds PLC (LON:FDI) was downgraded by equities researchers at Royal Bank Of Canada to a “sector performer” rating in a research note issued to investors on Thursday. They currently have a GBX 19 ($0.25) price objective on the stock, down from their prior price objective of GBX 46 ($0.60). Royal Bank Of Canada’s target price suggests a potential downside of 16.02% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Macquarie reaffirmed an “outperform” rating and set a GBX 55 ($0.72) price target on shares of Firestone Diamonds PLC in a report on Tuesday. FinnCap reaffirmed an “under review” rating on shares of Firestone Diamonds PLC in a report on Friday, September 29th. Panmure Gordon lowered their price target on Firestone Diamonds PLC from GBX 68 ($0.89) to GBX 38 ($0.50) and set a “buy” rating on the stock in a report on Monday, September 11th. Finally, Investec reaffirmed a “buy” rating and set a GBX 37 ($0.49) price target on shares of Firestone Diamonds PLC in a report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Firestone Diamonds PLC has an average rating of “Buy” and a consensus price target of GBX 42 ($0.55).

Firestone Diamonds PLC (LON FDI) opened at 22.625 on Thursday. The company’s market capitalization is GBX 70.80 million. The firm’s 50-day moving average price is GBX 28.35 and its 200 day moving average price is GBX 39.12. Firestone Diamonds PLC has a 52 week low of GBX 18.75 and a 52 week high of GBX 58.50.

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About Firestone Diamonds PLC

Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.

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