Other equities analysts have also recently issued research reports about the company. Canaccord Genuity lowered their target price on Petra Diamonds Limited from GBX 135 ($1.79) to GBX 120 ($1.59) and set a buy rating on the stock in a research note on Tuesday, September 12th. Liberum Capital reissued a buy rating and issued a GBX 190 ($2.52) price target on shares of Petra Diamonds Limited in a research note on Wednesday, June 28th. Panmure Gordon raised Petra Diamonds Limited to a buy rating and set a GBX 98 ($1.30) price target for the company in a research note on Thursday, September 28th. Shore Capital reissued a not rated rating on shares of Petra Diamonds Limited in a research note on Monday, October 9th. Finally, Macquarie reissued an outperform rating and issued a GBX 140 ($1.86) price target on shares of Petra Diamonds Limited in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 130.36 ($1.73).
Shares of Petra Diamonds Limited (PDL) traded up 1.24% during midday trading on Wednesday, reaching GBX 81.75. 3,562,983 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 80.83 and its 200 day moving average price is GBX 106.96. Petra Diamonds Limited has a 1-year low of GBX 59.25 and a 1-year high of GBX 173.60. The stock’s market capitalization is GBX 433.60 million.
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About Petra Diamonds Limited
Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.
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