Shares of Petra Diamonds Limited (LON:PDL) have earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 46.86 ($0.61).
A number of equities analysts have weighed in on the stock. Barclays dropped their target price on shares of Petra Diamonds from GBX 65 ($0.85) to GBX 57 ($0.74) and set an “overweight” rating for the company in a research note on Thursday, January 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research note on Thursday, January 3rd. Royal Bank of Canada downgraded shares of Petra Diamonds to a “sector performer” rating and dropped their price target for the stock from GBX 65 ($0.85) to GBX 40 ($0.52) in a research note on Monday, January 28th. Liberum Capital reissued a “hold” rating on shares of Petra Diamonds in a research note on Monday, January 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Petra Diamonds in a research note on Tuesday, January 29th.
Shares of LON PDL traded up GBX 0.38 ($0.00) during trading on Thursday, reaching GBX 17.48 ($0.23). The company had a trading volume of 12,832,962 shares, compared to its average volume of 2,620,000. Petra Diamonds has a 52 week low of GBX 17.02 ($0.22) and a 52 week high of GBX 73.45 ($0.96). The company has a market cap of $151.26 million and a PE ratio of -0.93. The company has a current ratio of 2.04, a quick ratio of 1.04 and a debt-to-equity ratio of 146.89.
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.
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