The stock of Gem Diamonds Limited (LON:GEMD) is a huge mover today! The stock increased 4.35% or GBX 4.51 on November 30, hitting GBX 108.26. About 1.13M shares traded hands or 725.36% up from the average. Gem Diamonds Limited (LON:GEMD) has declined 23.43% since May 2, 2016 and is downtrending. It has underperformed by 28.66% the S&P500.
The move comes after 6 months positive chart setup for the GBX 150.52 million company. It was reported on Nov, 30 by Barchart.com. We have GBX 112.59 PT which if reached, will make LON:GEMD worth GBX 6.02 million more.
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. On Thursday, November 12 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 25. As per Tuesday, March 15, the company rating was maintained by BMO Capital Markets. Panmure Gordon maintained it with “Buy” rating and GBX 178 target price in Tuesday, May 17 report. On Thursday, February 4 the stock rating was maintained by JP Morgan with “Overweight”. Barclays Capital maintained it with “Overweight” rating and GBX 170 target price in Tuesday, August 4 report. Panmure Gordon maintained Gem Diamonds Limited (LON:GEMD) on Wednesday, January 13 with “Buy” rating. Panmure Gordon maintained it with “Buy” rating and GBX 182 target price in Wednesday, August 17 report. Panmure Gordon maintained Gem Diamonds Limited (LON:GEMD) on Thursday, November 17 with “Buy” rating. The stock of Gem Diamonds Limited (LON:GEMD) earned “Buy” rating by FinnCap on Tuesday, December 1.
Another recent and important Gem Diamonds Limited (LON:GEMD) news was published by Fool.Co.Uk which published an article titled: “Are Gem Diamonds Limited, Antofagasta plc and Lonmin plc top buys today?” on July 19, 2016.
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 150.52 million GBP. The Firm operates diamond mining activities in Lesotho and Botswana. It has a 20.33 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.