Canaccord Genuity reaffirmed their buy rating on shares of Petra Diamonds (LON:PDL) in a report published on Tuesday, November 28th. They currently have a GBX 110 ($1.48) price objective on the stock.
Other equities research analysts have also issued reports about the company. Panmure Gordon upgraded Petra Diamonds to a buy rating and set a GBX 98 ($1.32) price objective on the stock in a research note on Thursday, September 28th. FinnCap decreased their price target on Petra Diamonds from GBX 151 ($2.03) to GBX 120 ($1.62) and set a buy rating on the stock in a research report on Monday, September 11th. Finally, Liberum Capital restated a buy rating and set a GBX 130 ($1.75) price target on shares of Petra Diamonds in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 126.64 ($1.70).
Petra Diamonds (LON PDL) traded up GBX 1.50 ($0.02) during trading on Tuesday, reaching GBX 68 ($0.92). 878,842 shares of the company traded hands, compared to its average volume of 1,790,000. Petra Diamonds has a 1-year low of GBX 59.25 ($0.80) and a 1-year high of GBX 173.60 ($2.34).
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About Petra Diamonds
Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.
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