Panmure Gordon announced Gemfields PLC (LON:GEM), upholding its stock price target at 61.00GBX today
- Updated: September 25, 2016
Having a price of 46.50GBX, Gemfields PLC (LON:GEM) traded 3.09% higher on the day. With the last close up 15.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GEM has recorded a 50-day average of 39.93GBX and a two hundred day average of 40.33GBX. Trade Volume was down over the average, with 385,578 shares of GEM changing hands under the typical 390,047
In a report issued 09/26/2016 Panmure Gordon hold steady the stock price target of Gemfields PLC (LON:GEM) from 61.00GBX to 61.00GBX reporting a potential upside of 0.31%.
On 9/20/2016, Macquarie released a statement on Gemfields PLC (LON:GEM) maintained the target price at 100.00GBX that suggested an upside of 1.28%.
With a total market value of 0 GBX, Gemfields PLC has 52 week low of 31.00GBX and a 52 week high of 60.50GBX .
In addition to Panmure Gordon reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is 1.05GBX with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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