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Petra Diamonds Limited 48.6% Potential Upside Indicated by Canaccord Genuity

Petra Diamonds Limited using EPIC/TICKER code LON:PDL has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Canaccord Genuity. Petra Diamonds Limited are listed in the Basic Materials sector within International Main Market. Canaccord Genuity have set their target price at 165 GBX on its stock. This now indicates the analyst believes there is a possible upside of 48.6% from today’s opening price of 111 GBX. Over the last 30 and 90 trading days the company share price has decreased 4 points and increased 8.5 points respectively.
Petra Diamonds Limited LON:PDL has a 50 day moving average of 118.64 GBX and a 200 Day Moving Average share price is recorded at 108.51 GBX. The 1 year high stock price is 138 GBX while the 52 week low for the share price is 52.76 GBX. There are currently 533,935,419 shares in issue with the average daily volume traded being 887,390. Market capitalisation for LON:PDL is £603,347,023 GBP.

 

Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.

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