Gem Diamonds Limited (GEMD) Rating Reiterated by FinnCap

Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating restated by research analysts at FinnCap in a report released on Tuesday. They currently have a GBX 150 ($1.98) price objective on the stock. FinnCap’s price objective points to a potential upside of 91.08% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Liberum Capital reissued a “hold” rating and set a GBX 90 ($1.19) target price on shares of Gem Diamonds Limited in a research report on Thursday, August 17th. Panmure Gordon reissued a “buy” rating and set a GBX 156 ($2.06) target price on shares of Gem Diamonds Limited in a research report on Tuesday, July 4th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 100 ($1.32) target price on shares of Gem Diamonds Limited in a research report on Thursday, August 24th. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 85 ($1.12) target price on shares of Gem Diamonds Limited in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Gem Diamonds Limited presently has a consensus rating of “Hold” and a consensus target price of GBX 108.29 ($1.43).

Gem Diamonds Limited (GEMD) opened at 79.2775 on Tuesday. Gem Diamonds Limited has a 12-month low of GBX 68.50 and a 12-month high of GBX 124.75. The firm’s market cap is GBX 109.64 million. The stock’s 50 day moving average is GBX 77.43 and its 200 day moving average is GBX 84.88.

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Gem Diamonds Limited 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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