Shares of Petra Diamonds Limited (LON:PDL) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 106.11 ($1.47).
Several equities analysts recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 90 ($1.24) price objective on shares of Petra Diamonds in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Petra Diamonds from GBX 100 ($1.38) to GBX 95 ($1.31) and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Barclays decreased their price objective on shares of Petra Diamonds from GBX 118 ($1.63) to GBX 100 ($1.38) and set an “overweight” rating for the company in a research report on Monday, January 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Petra Diamonds from GBX 110 ($1.52) to GBX 100 ($1.38) and set an “outperform” rating for the company in a research report on Monday, January 29th.
Shares of Petra Diamonds (PDL) traded up GBX 1.75 ($0.02) during trading on Wednesday, hitting GBX 65.85 ($0.91). 1,333,985 shares of the company traded hands, compared to its average volume of 3,300,000. The stock has a market cap of $350.63 and a price-to-earnings ratio of -470.36. Petra Diamonds has a 52-week low of GBX 58.50 ($0.81) and a 52-week high of GBX 140.20 ($1.94).
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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