Shares of Gem Diamonds Limited (LON:GEMD) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 108 ($1.41).
Several analysts have issued reports on GEMD shares. Barclays decreased their price objective on shares of Gem Diamonds from GBX 90 ($1.18) to GBX 80 ($1.05) and set an “underweight” rating for the company in a research note on Thursday, July 4th. Liberum Capital reissued a “buy” rating on shares of Gem Diamonds in a research note on Wednesday, July 3rd. Shore Capital reissued a “not rated” rating on shares of Gem Diamonds in a research note on Wednesday, May 8th. Berenberg Bank reissued a “hold” rating and issued a GBX 95 ($1.24) price objective on shares of Gem Diamonds in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Gem Diamonds from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock a “neutral” rating in a research note on Friday, July 5th.
LON GEMD traded up GBX 2.50 ($0.03) during trading on Friday, hitting GBX 71.50 ($0.93). The stock had a trading volume of 660,310 shares, compared to its average volume of 174,864. The company has a debt-to-equity ratio of 14.97, a current ratio of 1.74 and a quick ratio of 1.06. The stock has a market cap of $99.37 million and a PE ratio of 3.91. Gem Diamonds has a one year low of GBX 70 ($0.91) and a one year high of GBX 124 ($1.62). The firm’s 50 day moving average price is GBX 76.27.
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
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