Breaking Finance News

finnCap announced Gemfields PLC (LON:GEM), bumping up its stock price target to 100.00GBX today

Just yesterday Gemfields PLC (LON:GEM) traded -3.83% lower at 53.75GBX. Gemfields PLC’s 50-day moving average is 43.70GBX and its 200-day moving average is 40.86GBX. The last stock price is up 22.99% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 520,792 shares of GEM traded, up from an avg. volume of 453,524

In a report released on Thursday October 06, 2016 finnCap increased the stock price target of Gemfields PLC (LON:GEM) from 85.00GBX to 100.00GBX reporting a possible upside of 0.86%.

Recent Performance Chart

Gemfields PLC (LON:GEM)

Gemfields PLC has PE ratio of 25.12 with a one year low of 31.00GBX and a one year high of 54.75GBX and has a market capitalization of 0 GBX.

A total of 9 brokerages have released a report on Gemfields PLC. Three brokerages rating the company a strong buy, four brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of 1.05GBX.

General Company Details For 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *