A report released today by Macquarie about Gemfields PLC (LON:GEM) maintains the target price at 100.00GBX
- Updated: September 19, 2016
Macquarie held the price target of Gemfields PLC (LON:GEM) at 100GBX, stating a possible upside of 1.28%.
Previously on Thursday September 15 2016, JP Morgan Cazenove reported about Gemfields PLC(LON:GEM) upped the target price from 40.00GBX to 43.00GBX that indicated a possible upside of 0.00%.
Only yesterday Gemfields PLC (LON:GEM) traded 1.67% higher at 43.88GBX. GEM’s 50-day moving average is 39.41GBX and its 200-day average is 40.29GBX. The last stock price is up 10.71% relative to the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. Volume of trade was down over the average, with 20,155 shares of GEM changing hands under the typical 394,446 shares..
See Chart Below:
Gemfields PLC has a 52 week low of 31.00GBX and a 52 week high of 62.00GBX and has a market capitalization of 0.0 GBX.
A total of 9 equity analysts have issued a ratings update on Gemfields PLC. Three analysts rate the stock a strong buy, four analysts rate the company a buy, 0 analysts rate the company a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with a 12-month target stock price of 1.05GBX
More About Gemfields PLC (LON:GEM)
Gemfields plc is a supplier of colored gemstones. The Company’s segments include Zambia, which include emerald and beryl mining activities; Mozambique, which include ruby and corundum mining activities; UK, which include sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which include the wholesale and retail sales of jewelry, and Other, which include new projects, traded auctions, sales and marketing offices. The Company’s assets include Kagem emerald mine, which covers an area of approximately 41 square kilometers and is located in the central part of the Ndola rural emerald restricted area, Zambia; Montepuez ruby mine, which is located in the Cabo Delgado province and covers an area of approximately 33, 600 hectares, and Kariba amethyst mine, which covers an area of approximately 396 hectares. Its subsidiary Oriental Mining SARL has around 15 exploration licenses in the Antananarivo, and Fianarantsoa and Toliara provinces of Madagascar.
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