Gem Diamonds (GEMD) Receives “Speculative Buy” Rating from Canaccord Genuity

Gem Diamonds (LON:GEMD)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity in a report released on Thursday. They presently have a GBX 120 ($1.66) target price on the stock. Canaccord Genuity’s price target points to a potential upside of 31.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on GEMD. Barclays dropped their target price on shares of Gem Diamonds from GBX 71 ($0.98) to GBX 60 ($0.83) and set an “underweight” rating for the company in a research report on Monday, January 8th. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.24) target price on shares of Gem Diamonds in a research report on Tuesday, December 12th. Finally, FinnCap reiterated a “buy” rating and set a GBX 150 ($2.07) target price on shares of Gem Diamonds in a research report on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Gem Diamonds presently has a consensus rating of “Hold” and an average target price of GBX 111 ($1.53).

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Gem Diamonds (LON:GEMD) opened at GBX 91.20 ($1.26) on Thursday. The stock has a market cap of $127.24 and a price-to-earnings ratio of -128.45. Gem Diamonds has a one year low of GBX 66 ($0.91) and a one year high of GBX 120 ($1.66).

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Gem Diamonds 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.

Analyst Recommendations for Gem Diamonds (LON:GEMD)

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