Canaccord Genuity Reaffirms Buy Rating for Petra Diamonds (PDL)
PDL has been the subject of several other reports. Berenberg Bank initiated coverage on Petra Diamonds in a research report on Thursday, September 20th. They issued a hold rating and a GBX 40 ($0.52) target price for the company. Citigroup reaffirmed a buy rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research report on Tuesday, September 18th. Royal Bank of Canada dropped their target price on Petra Diamonds from GBX 65 ($0.85) to GBX 55 ($0.72) and set an outperform rating for the company in a research report on Friday, August 31st. Barclays dropped their target price on Petra Diamonds from GBX 70 ($0.91) to GBX 65 ($0.85) and set an overweight rating for the company in a research report on Tuesday, July 24th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a GBX 85 ($1.11) target price on shares of Petra Diamonds in a research report on Tuesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 67.86 ($0.89).
LON PDL traded down GBX 1.48 ($0.02) during trading on Wednesday, hitting GBX 41.22 ($0.54). The stock had a trading volume of 1,715,334 shares, compared to its average volume of 2,620,000. Petra Diamonds has a twelve month low of GBX 58.50 ($0.76) and a twelve month high of GBX 140.20 ($1.83).
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. The company's principal mining properties are the Finsch and Cullinan properties located in South Africa. It also provides treasury, beneficiation, and other services.
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