Macquarie Reaffirms Outperform Rating for Firestone Diamonds PLC (FDI)

Macquarie reaffirmed their outperform rating on shares of Firestone Diamonds PLC (LON:FDI) in a report issued on Tuesday, July 18th. Macquarie currently has a GBX 70 ($0.91) target price on the stock.

FDI has been the subject of several other reports. Royal Bank Of Canada upped their price objective on Firestone Diamonds PLC from GBX 51 ($0.66) to GBX 52 ($0.68) and gave the stock an outperform rating in a research note on Thursday, April 27th. Shore Capital restated a not rated rating on shares of Firestone Diamonds PLC in a research note on Wednesday, April 5th. Finally, FinnCap restated a buy rating and issued a GBX 63 ($0.82) price objective on shares of Firestone Diamonds PLC in a research note on Wednesday, April 5th. Four equities research analysts have rated the stock with a buy rating, Firestone Diamonds PLC presently has a consensus rating of Buy and an average target price of GBX 62.75 ($0.82).

Firestone Diamonds PLC (FDI) opened at 37.50 on Tuesday. The stock has a 50 day moving average price of GBX 40.44 and a 200-day moving average price of GBX 46.50. The company’s market capitalization is GBX 117.35 million. Firestone Diamonds PLC has a 12-month low of GBX 31.00 and a 12-month high of GBX 58.50.

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Firestone Diamonds PLC Company Profile

Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.

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