Petra Diamonds (PDL) Earns Sector Performer Rating from Royal Bank of Canada
Petra Diamonds (LON:PDL)‘s stock had its “sector performer” rating reaffirmed by research analysts at Royal Bank of Canada in a research report issued on Monday, April 15th, Digital Look reports.
Other equities analysts also recently issued research reports about the stock. Liberum Capital reissued a “hold” rating on shares of Petra Diamonds in a report on Monday, April 15th. Berenberg Bank cut their price objective on shares of Petra Diamonds from GBX 30 ($0.39) to GBX 22 ($0.29) and set a “hold” rating on the stock in a research note on Wednesday, March 27th. JPMorgan Chase & Co. cut shares of Petra Diamonds to a “neutral” rating and cut their price objective for the company from GBX 40 ($0.52) to GBX 35 ($0.46) in a research note on Thursday, January 31st. Barclays restated an “overweight” rating and set a GBX 52 ($0.68) price objective (down from GBX 57 ($0.74)) on shares of Petra Diamonds in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group cut their price objective on shares of Petra Diamonds from GBX 41 ($0.54) to GBX 30 ($0.39) and set a “neutral” rating on the stock in a research note on Friday, February 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 46.25 ($0.60).
Shares of PDL traded up GBX 1.22 ($0.02) during midday trading on Monday, hitting GBX 21.84 ($0.29). 8,074,652 shares of the stock traded hands, compared to its average volume of 2,620,000. Petra Diamonds has a 1-year low of GBX 16.68 ($0.22) and a 1-year high of GBX 73.45 ($0.96). The company has a market cap of $188.99 million and a price-to-earnings ratio of -1.17. The company has a debt-to-equity ratio of 146.89, a quick ratio of 1.04 and a current ratio of 2.04.
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.
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