The FinnCap Reaffirms Buy Rating for Gem Diamonds Limited (GEMD)

The FinnCap Reaffirms Buy Rating for Gem Diamonds Limited (GEMD)

FinnCap restated their buy rating on shares of Gem Diamonds Limited (LON:GEMD) in a research report report published on Monday morning. The brokerage currently has a GBX 185 ($2.23) price target on the stock.

GEMD has been the subject of several other reports. JPMorgan Chase & Co. lowered their target price on Gem Diamonds Limited from GBX 170 ($2.05) to GBX 145 ($1.75) and set an overweight rating for the company in a research note on Monday, November 7th. Barclays PLC cut Gem Diamonds Limited to an underweight rating and decreased their price objective for the stock from GBX 180 ($2.17) to GBX 110 ($1.33) in a research note on Wednesday, September 21st. Finally, Panmure Gordon reaffirmed a buy rating and set a GBX 162 ($1.95) price objective on shares of Gem Diamonds Limited in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 144 ($1.74).

Gem Diamonds Limited (LON:GEMD) opened at 114.50 on Monday. The firm’s market capitalization is GBX 158.01 million. The firm has a 50-day moving average price of GBX 108.36 and a 200 day moving average price of GBX 118.16. Gem Diamonds Limited has a 12 month low of GBX 95.53 and a 12 month high of GBX 148.00.

About Gem Diamonds Limited

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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