Gem Diamonds Limited (LON:GEMD) shares hit a new 52-week low on Thursday . The company traded as low as GBX 68.80 ($0.90) and last traded at GBX 69 ($0.90), with a volume of 56185 shares changing hands. The stock had previously closed at GBX 68.80 ($0.90).
A number of equities research analysts have recently weighed in on the stock. Shore Capital reissued a “not rated” rating on shares of Gem Diamonds in a report on Wednesday, May 8th. Berenberg Bank reissued a “hold” rating and set a GBX 95 ($1.24) price objective on shares of Gem Diamonds in a report on Wednesday, May 8th. Liberum Capital reissued a “buy” rating on shares of Gem Diamonds in a report on Wednesday, July 3rd. Barclays dropped their price objective on shares of Gem Diamonds from GBX 90 ($1.18) to GBX 80 ($1.05) and set an “underweight” rating on the stock in a report on Thursday, July 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Gem Diamonds from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the company a “neutral” rating in a report on Friday, July 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 114.17 ($1.49).
The firm has a 50-day moving average price of GBX 76.27. The stock has a market cap of $99.37 million and a price-to-earnings ratio of 3.91. The company has a current ratio of 1.74, a quick ratio of 1.06 and a debt-to-equity ratio of 14.97.
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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