A number of other equities analysts have also recently issued reports on PDL. Liberum Capital restated a buy rating and issued a GBX 115 ($1.55) price objective on shares of Petra Diamonds in a research report on Friday, September 29th. Panmure Gordon raised shares of Petra Diamonds to a buy rating and set a GBX 98 ($1.32) target price on the stock in a research note on Thursday, September 28th. Macquarie reaffirmed an outperform rating and set a GBX 140 ($1.88) target price on shares of Petra Diamonds in a research note on Tuesday, October 10th. Shore Capital reaffirmed a not rated rating on shares of Petra Diamonds in a research note on Monday, October 9th. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 110 ($1.48) target price on shares of Petra Diamonds in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 126.64 ($1.70).
Petra Diamonds (PDL) traded up GBX 1.50 ($0.02) during mid-day trading on Wednesday, hitting GBX 68 ($0.92). 878,842 shares of the company’s stock were exchanged, compared to its average volume of 1,790,000. Petra Diamonds has a 12-month low of GBX 59.25 ($0.80) and a 12-month 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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