After Today’s Huge Decline, Is Gem Diamonds Limited’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Gem Diamonds Limited's Near Term Analysis Negative?

The stock of Gem Diamonds Limited (LON:GEMD) is a huge mover today! The stock decreased 0.45% or GBX 0.5 on November 24, hitting GBX 111.25. About 71,671 shares traded hands. Gem Diamonds Limited (LON:GEMD) has declined 20.54% since April 27, 2016 and is downtrending. It has underperformed by 25.95% the S&P500.
The move comes after 6 months negative chart setup for the GBX 154.76M company. It was reported on Nov, 24 by Barchart.com. We have GBX 102.35 PT which if reached, will make LON:GEMD worth GBX 12.38M less.

Gem Diamonds Limited (LON:GEMD) Ratings Coverage

Out of 11 analysts covering Gem Diamonds Ltd (LON:GEMD), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. Gem Diamonds Ltd has been the topic of 79 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, November 12 by JP Morgan. As per Thursday, November 10, the company rating was maintained by Barclays Capital. The company was maintained on Friday, July 31 by Goldman Sachs. On Wednesday, September 16 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm has “Buy” rating given on Tuesday, December 1 by FinnCap. The firm has “Overweight” rating given on Tuesday, August 4 by Barclays Capital. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, November 11. On Thursday, July 30 the stock rating was maintained by JP Morgan with “Overweight”. Liberum Capital maintained Gem Diamonds Limited (LON:GEMD) on Thursday, July 30 with “Buy” rating. The firm has “Buy” rating given on Thursday, March 3 by Liberum Capital.

More news for Gem Diamonds Limited (LON:GEMD) were recently published by: Uk.Finance.Yahoo.com, which released: “Gem Diamonds Limited (GEMD.L)” on March 16, 2014. Fool.Co.Uk‘s article titled: “Are Gem Diamonds Limited, Antofagasta plc and Lonmin plc top buys today?” and published on July 19, 2016 is yet another important article.

Gem Diamonds Limited is a United Kingdom diamond producer, which is engaged in the exploration and development of diamond mines. The company has a market cap of 154.76 million GBP. The Firm operates diamond mining activities in Lesotho and Botswana. It has a 20.91 P/E ratio. The Company’s geographical divisions 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 , Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.

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