Gem Diamonds Limited (LON:GEMD) Receives Average Rating of “Hold” from Analysts

Shares of Gem Diamonds Limited (LON:GEMD) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 92.17 ($1.20).

Several equities research analysts have commented on the stock. Shore Capital restated a “not rated” rating on shares of Gem Diamonds in a research note on Friday, October 4th. Bank of America reiterated a “buy” rating on shares of Gem Diamonds in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on Gem Diamonds from GBX 110 ($1.44) to GBX 75 ($0.98) and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, Liberum Capital downgraded Gem Diamonds to a “hold” rating and cut their target price for the company from GBX 105 ($1.37) to GBX 60 ($0.78) in a research note on Monday.

Gem Diamonds stock traded up GBX 3.20 ($0.04) during midday trading on Friday, reaching GBX 52.80 ($0.69). 82,024 shares of the stock traded hands, compared to its average volume of 174,864. The company has a current ratio of 1.55, a quick ratio of 0.77 and a debt-to-equity ratio of 16.01. The firm has a fifty day moving average price of GBX 62.11 and a two-hundred day moving average price of GBX 72.89. The firm has a market cap of $73.38 million and a price-to-earnings ratio of 12.57. Gem Diamonds has a fifty-two week low of GBX 57.85 ($0.76) and a fifty-two week high of GBX 115 ($1.50).

Gem Diamonds Company Profile

Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Letšeng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.

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Analyst Recommendations for Gem Diamonds (LON:GEMD)

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