Weekly Analysts’ Ratings Changes for Gem Diamonds (GEMD)

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Several analysts have recently updated their ratings and price targets for Gem Diamonds (LON: GEMD):

  • 5/9/2019 – Gem Diamonds had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 105 ($1.37) to GBX 100 ($1.31). They now have a “neutral” rating on the stock.
  • 5/8/2019 – Gem Diamonds had its “underweight” rating reaffirmed by analysts at Barclays PLC.
  • 5/8/2019 – Gem Diamonds had its “not rated” rating reaffirmed by analysts at Shore Capital.
  • 5/8/2019 – Gem Diamonds had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 95 ($1.24) price target on the stock.
  • 5/8/2019 – Gem Diamonds had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 4/12/2019 – Gem Diamonds had its price target lowered by analysts at Barclays PLC from GBX 115 ($1.50) to GBX 90 ($1.18). They now have an “underweight” rating on the stock.
  • 4/10/2019 – Gem Diamonds had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 110 ($1.44) to GBX 105 ($1.37). They now have a “neutral” rating on the stock.
  • 4/3/2019 – Gem Diamonds had its price target lowered by analysts at Canaccord Genuity from GBX 145 ($1.89) to GBX 120 ($1.57). They now have a “buy” rating on the stock.
  • 3/27/2019 – Gem Diamonds had its “underperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 3/27/2019 – Gem Diamonds was downgraded by analysts at Berenberg Bank to a “hold” rating. They now have a GBX 95 ($1.24) price target on the stock, down previously from GBX 120 ($1.57).
  • 3/21/2019 – Gem Diamonds had its “buy” rating reaffirmed by analysts at Liberum Capital.

Gem Diamonds stock traded down GBX 1.30 ($0.02) during trading on Friday, reaching GBX 89.80 ($1.17). The company had a trading volume of 5,938 shares, compared to its average volume of 174,864. Gem Diamonds Limited has a 1-year low of GBX 83.40 ($1.09) and a 1-year high of GBX 125 ($1.63). The stock has a market capitalization of $124.76 million and a P/E ratio of 4.91. The company has a debt-to-equity ratio of 14.97, a quick ratio of 1.06 and a current ratio of 1.74.

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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