Firestone Diamonds PLC (LON:FDI) Receives “Outperform” Rating from Macquarie

Firestone Diamonds PLC (LON:FDI)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a GBX 70 ($0.91) price objective on the stock. Macquarie’s price objective suggests a potential upside of 121.34% from the company’s previous close.

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Several other equities analysts also recently weighed in on FDI. FinnCap reiterated a “buy” rating and issued a GBX 61 ($0.79) target price on shares of Firestone Diamonds PLC in a research note on Tuesday. Royal Bank Of Canada lifted their target price on shares of 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. Four research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of GBX 62.75 ($0.82).

Firestone Diamonds PLC (LON:FDI) opened at 31.625 on Wednesday. The firm’s market cap is GBX 98.96 million. The firm’s 50 day moving average is GBX 39.03 and its 200-day moving average is GBX 45.76. Firestone Diamonds PLC has a 12 month low of GBX 28.00 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.