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JP Morgan Cazenove announced Gemfields PLC (LON:GEM), boosting its stock price target to 43.00GBX today

Having a price of 0.00GBX, Gemfields PLC (LON:GEM) traded 0.00% even on the day. With the last stock close down 3.60% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. The company has registered a 50-day average of 38.56GBX and two hundred day moving average of 40.30GBX. Volume of trade was was down over the average, with 156,458 shares of GEM changing hands under the typical 395,392 shares.

In an issued report on 9/15/2016 JP Morgan Cazenove increased the target price of Gemfields PLC (LON:GEM) from 40GBX to 43GBX indicating a possible upsideof 0.00%.

Previously on 8/31/2016, Investec reported on Gemfields PLC(LON:GEM) held the target price at 80.00GBX. At the time, this suggested an upside of 1.02%.

See Graphic Below:

Gemfields PLC (LON:GEM)

A total of 9 equity analysts have released a ratings update on Gemfields PLC. Three analysts rate the stock a strong buy, four analysts rate the company a buy, 0 firms rate the stock a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with an average target price of 1.05GBX

Gemfields PLC has a 52 week low of 31.00GBX and a 52 week high of 63.00GBX. Gemfields PLC’s total market value is currently 0.0 GBX.

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, and Fianarantsoa and Toliara provinces of Madagascar.

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