Gem Diamonds Limited’s (GEMD) Buy Rating Reiterated at FinnCap

Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by investment analysts at FinnCap in a note issued to investors on Tuesday, July 25th. They currently have a GBX 150 ($1.98) price objective on the stock. FinnCap’s target price would indicate a potential upside of 83.49% from the company’s previous close.

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A number of other research analysts also recently issued reports on the company. Panmure Gordon reiterated a “buy” rating and set a GBX 156 ($2.06) price objective on shares of Gem Diamonds Limited in a research note on Tuesday, July 4th. Liberum Capital restated a “hold” rating and issued a GBX 90 ($1.19) price target on shares of Gem Diamonds Limited in a research note on Tuesday, May 23rd. J P Morgan Chase & Co dropped their price target on Gem Diamonds Limited from GBX 112 ($1.48) to GBX 105 ($1.39) and set a “neutral” rating for the company in a research note on Wednesday, May 24th. Shore Capital restated a “not rated” rating on shares of Gem Diamonds Limited in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada upgraded Gem Diamonds Limited to a “sector perform” rating and upped their price target for the stock from GBX 80 ($1.06) to GBX 100 ($1.32) in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 113.71 ($1.50).

Gem Diamonds Limited (LON GEMD) opened at 81.75 on Tuesday. The firm’s 50-day moving average is GBX 89.56 and its 200-day moving average is GBX 99.58. Gem Diamonds Limited has a 12 month low of GBX 81.75 and a 12 month high of GBX 135.00. The company’s market cap is GBX 113.07 million.

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Gem Diamonds Limited Company Profile

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.