Firestone Diamonds PLC (FDI) Earns “Outperform” Rating from Macquarie

September 17, 2017 5:33 AM

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Firestone Diamonds PLC (FDI) Earns “Outperform” Rating from Macquarie

Macquarie restated their outperform rating on shares of Firestone Diamonds PLC (LON:FDI) in a research note published on Thursday. Macquarie currently has a GBX 60 ($0.77) price objective on the stock.

FDI has been the topic of a number of other reports. Panmure Gordon dropped their target price on shares of Firestone Diamonds PLC from GBX 68 ($0.88) to GBX 38 ($0.49) and set a buy rating on the stock in a research note on Monday, September 11th. Investec restated a buy rating and issued a GBX 37 ($0.48) target price on shares of Firestone Diamonds PLC in a research note on Wednesday, August 9th. Finally, FinnCap restated a buy rating and issued a GBX 61 ($0.79) target price on shares of Firestone Diamonds PLC in a research note on Thursday, June 22nd. Five research analysts have rated the stock with a buy rating, Firestone Diamonds PLC presently has a consensus rating of Buy and an average price target of GBX 49.60 ($0.64).

Shares of Firestone Diamonds PLC (LON FDI) opened at 29.25 on Thursday. The firm has a 50-day moving average of GBX 32.94 and a 200 day moving average of GBX 42.27. The stock’s market capitalization is GBX 91.53 million. Firestone Diamonds PLC has a one year low of GBX 28.00 and a one year high of GBX 58.50.

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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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Source: equitiesfocus.com

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