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Macquarie covered Petra Diamonds Ltd (LON:PDL), renewing its price target at 140.00GBX today

Macquarie held the estimated target of Petra Diamonds Ltd (LON:PDL) at 140GBX, reporting a possible upside of 0.24%.

On 9/19/2016, Canaccord Genuity released a statement on Petra Diamonds Ltd(LON:PDL) raised the target price at 165.00GBX. At the time, this indicated a possible upside of 0.45%.

Yesterday Petra Diamonds Ltd (LON:PDL) traded 1.17% higher at 113.13GBX. The company’s 50-day moving average is 115.91GBX and its 200-day moving average is 114.53GBX. With the last stock close down 0.26% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same period. 295,440 shares of the stock were exchanged, down from ann average volume of 1,031,140.

Performance Chart:

Petra Diamonds Ltd (LON:PDL)

Petra Diamonds Ltd has a one-year low of 52.77GBX and a one-year high of 138.00GBX with a price-earnings ratio of 43. Petra Diamonds Ltd’s total market value is currently 0.0 GBX.

A total of 17 analysts have issued a report on the company. Eight analysts rate the company a strong buy, six firms rate the stock a buy, three analyts rate the company a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the company as sell with an average target price of 1.90GBX

More About Petra Diamonds Ltd (LON:PDL)

Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana. It has interests in five producing mines: Finsch, Cullinan, Koffiefontein and Kimberley Underground, all of which are located in South Africa, and Williamson, which is located in Tanzania. Finsch covers an area of approximately 18 hectares, Cullinan covers an area of approximately 32 hectares and Koffiefontein covers an area of approximately 11 hectares. The Kimberley Underground operation consists of three kimberlite pipe mines: Bultfontein, Dutoitspan and Wesselton, and with a total area of approximately 30 hectares. Williamson is an open pit operation based upon approximately 146 hectare Mwadui kimberlite pipe.

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