Gem Diamonds Ltd (LON:GEMD) Rating
The broker have set target price of GBX 100 on Gem Diamonds Ltd (LON:GEMD) shares. This is -7.83% from the previous stock close. In an analyst report made public on Tuesday, 15 March, BMO Capital Markets restate their Market Perform rating on shares of GEMD.
Out of 12 analysts covering Gem Diamonds Ltd (LON:GEMD), 10 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. GBX 3.84 is the highest target while GBX 1.42 is the lowest. The GBX 2.38 average target is 64.14% above today’s (GBX 109.44) stock price. Gem Diamonds Ltd was the topic in 48 analyst reports since July 27, 2015 according to StockzIntelligence Inc. FinnCap maintained the stock on March 15 with “Buy” rating. BMO Capital Markets maintained it with “Market Perform” rating and GBX 100 target price in a February 3 report. Liberum Capital maintained the shares of GEMD in a report on March 3 with “Buy” rating. J.P. Morgan maintained the firm’s rating on January 18. J.P. Morgan has “Overweight” rating and GBX 198 price target. Finally, JP Morgan maintained the stock with “Overweight” rating in a February 4 report.
About 252,920 shares traded hands or 227.62% up from the average. Gem Diamonds Limited (LON:GEMD) has declined 22.96% since August 14, 2015 and is downtrending. It has underperformed by 20.17% the S&P500.
Gem Diamonds Limited is a global diamond producer engaged in the exploration and development of diamond mines. The company has a market cap of 152.18 million GBP. The firm owns 70% of the Letseng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. It has 7.7 P/E ratio. The Company’s geographical divisions 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; Mauritius, which is engaged in manufacturing of diamonds, and BVI, RSA and UK, which provides technical and administrative services.
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