Analysts at Canaccord Genuity started coverage on shares of Firestone Diamonds (LON:FDI) in a report released on Monday, January 8th. The firm set a “speculative buy” rating and a GBX 20 ($0.27) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 133.92% from the stock’s previous close.
FDI has been the subject of several other reports. Panmure Gordon lowered their price target on Firestone Diamonds from GBX 68 ($0.92) to GBX 38 ($0.52) and set a “buy” rating for the company in a research report on Monday, September 11th. FinnCap reiterated a “buy” rating and issued a GBX 61 ($0.83) target price on shares of Firestone Diamonds in a report on Tuesday, September 12th. Macquarie reaffirmed an “outperform” rating and set a GBX 60 ($0.81) price target on shares of Firestone Diamonds in a report on Thursday, September 14th. Finally, Royal Bank of Canada cut Firestone Diamonds to a “sector performer” rating and cut their target price for the stock from GBX 46 ($0.62) to GBX 19 ($0.26) in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Firestone Diamonds presently has a consensus rating of “Buy” and a consensus target price of GBX 38.33 ($0.52).
Shares of Firestone Diamonds (LON FDI) traded down GBX 0.20 ($0.00) during trading hours on Monday, reaching GBX 8.55 ($0.12). The company had a trading volume of 22,343 shares, compared to its average volume of 139,514. Firestone Diamonds has a 12 month low of GBX 8.20 ($0.11) and a 12 month high of GBX 55 ($0.75). The firm has a market cap of $9.55 and a price-to-earnings ratio of -32.88.
Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.
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