Gem Diamonds Limited (LON:GEMD)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 72 ($0.94) and last traded at GBX 72 ($0.94), with a volume of 31308 shares traded. The stock had previously closed at GBX 77.30 ($1.01).
Several brokerages recently weighed in on GEMD. Barclays reiterated an “underweight” rating on shares of in a report on Thursday, July 4th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 95 ($1.24) price objective on shares of Gem Diamonds in a research note on Wednesday, May 8th. Liberum Capital reaffirmed a “buy” rating and set a GBX 810 ($10.58) price objective on shares of in a research note on Wednesday, July 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$11.00 price objective on shares of Automotive Properties Real Est Invt TR in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a “neutral” rating in a research note on Friday, July 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 114.17 ($1.49).
The stock has a market capitalization of $100.07 million and a price-to-earnings ratio of 3.93. The company has a 50 day moving average of GBX 80.45. 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 Leteng 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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