Firestone Diamonds (FDI) Hits New 52-Week Low at $11.10
Firestone Diamonds PLC (LON:FDI)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 11.10 ($0.15) and last traded at GBX 11.50 ($0.15), with a volume of 1084180 shares changing hands. The stock had previously closed at GBX 11.50 ($0.15).
Several research firms recently commented on FDI. Panmure Gordon dropped their target price on Firestone Diamonds from GBX 68 ($0.91) to GBX 38 ($0.51) and set a “buy” rating for the company in a research note on Monday, September 11th. FinnCap reiterated a “buy” rating and issued a GBX 61 ($0.82) target price on shares of Firestone Diamonds in a research note on Tuesday, August 8th. Investec reiterated a “buy” rating and issued a GBX 37 ($0.50) target price on shares of Firestone Diamonds in a research note on Wednesday, August 9th. Macquarie restated an “outperform” rating and set a GBX 70 ($0.94) price target on shares of Firestone Diamonds in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada lowered Firestone Diamonds to a “sector performer” rating and dropped their price target for the stock from GBX 46 ($0.62) to GBX 19 ($0.25) in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Firestone Diamonds currently has an average rating of “Buy” and a consensus target price of GBX 42 ($0.56).
About Firestone Diamonds
Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.
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