Tuesday broker round-up
7th Feb 2017 15:10
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read moreBroker tips: Gem Diamonds, Glencore, KAZ Minerals
19th Aug 2016 10:17
(ShareCast News) - RBC Capital Markets downgraded Gem Diamonds to 'sector perform' from 'outperform' and slashed the price target to 130p from 170p. The bank said the investment thesis for Gem revolves around the Letseng mine in Lesotho. It said the Ghaghoo mine in Botswana is a drag on valuation,
Read moreRBC downgrades Gem Diamonds to 'sector perform' on valuation
19th Aug 2016 07:44
(ShareCast News) - RBC Capital Markets downgraded Gem Diamonds to 'sector perform' from 'outperform' and slashed the price target to 130p from 170p. The bank said the investment thesis for Gem revolves around the Letseng mine in Lesotho. It said the Ghaghoo mine in Botswana is a drag on valuation,
Read moreGem Diamonds' profit falls due to $40m one-off cost at Bostwana mine
17th Aug 2016 10:02
(ShareCast News) - Explorer Gem Diamonds' half-year profits fell due to weak demand for the rocks recovered in its Botswana mine which caused a $40m exceptional charge. For the six months ended 30 June, profit before exceptional items fell 12% to $13.4m and revenue fell 7.5% to $109.1m, compared to
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreMonday broker round-up
6th Jun 2016 12:55
(ShareCast News) - Wolseley: JP Morgan reiterates neutral with a target price of 4100p. Cairn Energy: RBC reiterates sector perform with a 250p target. Shire: Jefferies reiterates buy with a target price of 6050p and Exane BNP Paribas stays at outperform. Cobham: JP Morgan keeps at neutral with a
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreGem Diamonds sells "exceptional" white diamond for $19.3m
14th Sep 2015 15:22
(ShareCast News) - Gem Diamonds sold an "exceptional" 357-carat white diamond for $19.3m on tender in Antwerp last week. Chief executive officer Clifford Elphick said the Letseng mine produced two "remarkable" diamonds of over 300 carat during the year to date. He pointed to the 314 carat diamond,
Read moreGem Diamonds pledges to trim costs as profits plunge
19th Aug 2015 13:42
(ShareCast News) - Gem Diamonds posted a 27.58% drop in first half profits and said it would focus on cost control for the rest of the year. The diamond producer's revenue fell by more than 20% to £118m from $148.9m, which Gem said was due to a cautious approach from diamond traders which caused a d
Read moreGem Diamonds' interim sales and output decline
30th Jul 2015 16:46
(ShareCast News) - Diamond miner Gem Diamonds reported a decline in production and sales in the first half of the year. The London-listed company said it recovered 50,019 carats of diamonds in the first six months of the year, a 7% decline year-on-year, as grades in the first half declined to 1.61 c
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreMonday broker round-up UPDATE
20th Oct 2014 09:48
African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral rating. Centamin: Westhouse Securities shifts target price from 65p to 70p upgrading to buy. DCC:
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read moreThursday tips round-up: Hochschild Mining, Gem Diamonds
21st Aug 2014 11:01
Investors in Latin-America focused precious metals miner Hochschild Mining should be wary. The company has made good progress cutting its costs, delivering $70m more in savings last year than the $200m originally envisaged. However, cost reductions can only go so far. The company's quandary is much
Read more