A report released today by Macquarie about Gemfields PLC (LON:GEM) maintains the target price at 90.00GBX
- Updated: September 26, 2016
In a report issued 9/27/2016 Macquarie hold steady the target of Gemfields PLC (LON:GEM) from 90.00GBX to 90.00GBX stating a potential upside of 0.94%.
Previously on 9/26/2016, Panmure Gordon reported on Gemfields PLC (LON:GEM) maintained the target price at 61.00GBX that indicated a possible upside of 0.31%.
Only yesterday Gemfields PLC (LON:GEM) traded 1.93% higher at 46.38GBX. Gemfields PLC’s 50-day average is 40.17GBX and its 200-day moving average is 40.29GBX. The last closing price is up 14.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 96,278 shares of GEM changing hands under the typical 397,921
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Gemfields PLC has with a 52 week low of 31.00GBX and a 52 week high of 60.00GBX and has a market cap of 0 GBX.
A total of 9 brokerages have issued a research note on Gemfields PLC. 3 brokers rating the stock a strong buy, four equity analysts rating the company a buy, 0 analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of 1.05GBX.
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, Fianarantsoa and Toliara provinces of Madagascar.
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