Panmure Gordon reiterated their buy rating on shares of Gem Diamonds Limited (LON:GEMD) in a report issued on Thursday. They currently have a GBX 162 ($2.02) price target on the stock.

Other equities research analysts also recently issued reports about the stock. FinnCap reaffirmed a buy rating and issued a GBX 212 ($2.65) price objective on shares of Gem Diamonds Limited in a research report on Thursday, November 10th. Liberum Capital reaffirmed a buy rating and issued a GBX 190 ($2.37) price objective on shares of Gem Diamonds Limited in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reduced their price objective on shares of Gem Diamonds Limited from GBX 180 ($2.25) to GBX 175 ($2.19) and set an overweight rating for the company in a research report on Wednesday, August 10th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 180 ($2.25) price objective on shares of Gem Diamonds Limited in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 152.38 ($1.90).

Gem Diamonds Limited (LON:GEMD) traded down 1.09% during midday trading on Thursday, hitting GBX 113.00. 122,084 shares of the stock were exchanged. The firm’s 50-day moving average price is GBX 117.13 and its 200 day moving average price is GBX 125.82. Gem Diamonds Limited has a 1-year low of GBX 95.25 and a 1-year high of GBX 148.00. The firm’s market capitalization is GBX 155.94 million.

About Gem Diamonds Limited

Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments 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 (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.

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