Canaccord Genuity Initiates Coverage on Firestone Diamonds (FDI)

Research analysts at Canaccord Genuity started coverage on shares of Firestone Diamonds (LON:FDI) in a report issued on Monday. The brokerage set a “speculative buy” rating and a GBX 20 ($0.27) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 113.22% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. FinnCap restated a “buy” rating and set a GBX 61 ($0.83) price target on shares of Firestone Diamonds in a report on Tuesday, September 12th. Panmure Gordon reduced their target price on Firestone Diamonds from GBX 68 ($0.92) to GBX 38 ($0.52) and set a “buy” rating on the stock in a report on Monday, September 11th. Macquarie reiterated an “outperform” rating and set a GBX 55 ($0.75) target price on shares of Firestone Diamonds in a report on Tuesday, October 10th. Finally, Royal Bank of Canada downgraded Firestone Diamonds to a “sector performer” rating and reduced their target price for the stock from GBX 46 ($0.62) to GBX 19 ($0.26) in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 38.33 ($0.52).

Firestone Diamonds (LON:FDI) opened at GBX 9.38 ($0.13) on Monday. Firestone Diamonds has a twelve month low of GBX 9 ($0.12) and a twelve month high of GBX 55 ($0.75). The stock has a market capitalization of $10.38 and a PE ratio of -34.74.

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About Firestone Diamonds

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.

Analyst Recommendations for Firestone Diamonds (LON:FDI)

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