Firestone Diamonds PLC’s (LON:FDI) “Buy” Rating Reaffirmed at Investec

Investec restated their buy rating on shares of Firestone Diamonds PLC (LON:FDI) in a report issued on Wednesday morning. They currently have a GBX 37 ($0.48) price objective on the stock.

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Several other research firms have also weighed in on FDI. Macquarie reissued an outperform rating and issued a GBX 70 ($0.91) target price on shares of Firestone Diamonds PLC in a report on Tuesday, July 18th. FinnCap restated a buy rating on shares of Firestone Diamonds PLC in a research report on Wednesday, April 19th. Finally, 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 company an outperform rating in a research report on Thursday, April 27th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of GBX 57.60 ($0.75).

Firestone Diamonds PLC (FDI) remained flat at GBX 32.75 on Wednesday. The company’s stock had a trading volume of 35,207 shares. Firestone Diamonds PLC has a 1-year low of GBX 28.00 and a 1-year high of GBX 58.50. The firm’s 50 day moving average is GBX 38.53 and its 200 day moving average is GBX 45.56. The stock’s market capitalization is GBX 102.48 million.

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About Firestone Diamonds PLC

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.