Liberum Capital Reaffirms Hold Rating for Gem Diamonds Limited (GEMD)

Liberum Capital reiterated their hold rating on shares of Gem Diamonds Limited (LON:GEMD) in a report issued on Thursday. The firm currently has a GBX 90 ($1.17) price objective on the stock.

GEMD has been the topic of several other reports. Barclays PLC reiterated an underweight rating and issued a GBX 85 ($1.10) price objective on shares of Gem Diamonds Limited in a report on Friday, July 14th. Royal Bank Of Canada upgraded shares of Gem Diamonds Limited to a sector perform rating and upped their price objective for the company from GBX 80 ($1.04) to GBX 100 ($1.30) in a report on Friday, June 9th. J P Morgan Chase & Co decreased their price objective on shares of Gem Diamonds Limited from GBX 105 ($1.36) to GBX 100 ($1.30) and set a neutral rating on the stock in a report on Monday, June 5th. FinnCap decreased their price objective on shares of Gem Diamonds Limited from GBX 185 ($2.40) to GBX 150 ($1.95) and set a buy rating on the stock in a report on Tuesday, July 4th. Finally, Shore Capital reiterated a not rated rating on shares of Gem Diamonds Limited in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 113.71 ($1.48).

Shares of Gem Diamonds Limited (LON GEMD) opened at 85.50 on Thursday. Gem Diamonds Limited has a 12 month low of GBX 75.25 and a 12 month high of GBX 131.85. The stock’s market cap is GBX 118.40 million. The company has a 50 day moving average of GBX 84.90 and a 200 day moving average of GBX 96.71.

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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.