Canaccord reiterates 'buy' rating on Petra Diamonds, raises target price
23rd Aug 2016 10:03
(ShareCast News) - Petra Diamonds shares edged higher on Tuesday as Canaccord Genuity reiterated a 'buy' rating and raised its target price to 165p from 150p. Canaccord said Petra's full year trading update on 25 July was ahead of its forecasts with a total diamond production of 3.7m carats (mct), c
Read moreTuesday broker round-up
23rd Aug 2016 09:19
(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps
Read morePetra Diamonds recovers 138.57 carat white diamond from Cullinan
10th Aug 2016 08:47
(ShareCast News) - Petra Diamonds has recovered a 138.57 carat white diamond at the Cullinan mine in South Africa. The company said the diamond will be offered for sale as part of its next sales process late this month in Johannesburg. RBC Capital Markets said the announcement was a small positive
Read morePetra Diamonds, Ekapa Mining agree joint venture in Australia's Kimberley
8th Jul 2016 11:45
(ShareCast News) - Jersey based Petra Diamonds announced on Friday it agreed a joint venture with South Africa's Ekapa Mining, which will combine their operations in Kimberley, Western Australia. The Kimberley Ekapa Mining joint venture took effect from 1 July. Petra Diamonds and Bee Partners will o
Read moreBroker tips: Aveva, Compass, Petra Diamonds
8th Jul 2016 10:40
(ShareCast News) - Aveva Group's shares jumped on Friday as Numis reiterated a 'buy' rating and target price of 1,910p. The information technology group said it could benefit from a potentially sizeable currency gain for the full year due to weakness of sterling since the EU referendum. The company
Read moreFinnCap maintains Petra Diamonds at 'buy' rating on joint venture news
8th Jul 2016 09:57
(ShareCast News) - Petra Diamonds had its 'buy' rating and target price of 197p maintained on Friday by FinnCap after the miner announced a joint venture with Ekapa Mining. Petra and Ekapa Mining plans to combine its operations in Kimberley, South Africa, including the Kimberley underground mine and
Read morePetra sells 121.26 carat diamond for $6m
1st Jul 2016 10:19
(ShareCast News) - Petra Diamonds has sold the 121.26 carat white diamond recovered at the Cullinan mine in South Africa for $6m as part of its June sales process in Johannesburg. It said the stone had been bought by a joint venture comprising diamond manufacturers Nemesis International and Golden Y
Read morePetra Diamonds recovers 121.26 carat white diamond at Cullinan mine
21st Jun 2016 07:41
(ShareCast News) - Petra Diamonds has recovered a 121.26 carat white diamond at the Cullinan mine in South Africa. The company said the stone is a Type II diamond of "exceptional colour and clarity, and is an outstanding example of the large, high quality diamonds for which the mine is known". It w
Read morePetra Diamonds finance director to step down, new CEO appointed
31st May 2016 07:57
(ShareCast News) - David Abery will step down from his role as finance director at Petra Diamonds to pursue other opportunities. Following his departure, he will continue to be available to the company on an advisory basis for at least six months, as part of the succession process. In addition, the
Read moreMacquarie hikes short-term iron ore price forecasts, cautious on miners
18th May 2016 15:43
(ShareCast News) - Macquarie boosted its forecast for the price of iron ore in 2017 on the back of burgeoning steel demand in the People's Republic of China and deferrals in supplies, but cut those for 2018 and 2019. In a research note dated 16 May the broker hiked its 2017 iron ore price forecast b
Read moreMonday broker round-up
22nd Feb 2016 13:49
(ShareCast News) - Coca-Cola Hbc: JP Morgan reiterates neutral with a target price of 1450p, Nomura stays at buy with a 1330p target and Deutsche Bank keeps at hold with a target price of 1500p. Standard Life: JP Morgan keeps at overweight with a target of 465p and Deutsche Bank reiterates buy, 415p
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreTuesday newspaper share tips: Not convinced by Kingfisher's transformation plan
26th Jan 2016 10:39
(ShareCast News) - Kingfisher's transformation plan announced on Monday didn't convince The Times' Tempus on Tuesday. The B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. However, it wa
Read morePetra Diamonds first half revenue drops 28% but output rises
25th Jan 2016 10:35
(ShareCast News) - Petra Diamonds reported an increase in first half production but a drop in revenue as the group sold fewer diamonds at lower prices. In a trading update for the six months to the end of December, the company said production was up 2% to 1.63m carats, exceeding its output target of
Read moreBarclays lowers targets on miners; Anglo American and Randgold spared
12th Jan 2016 13:40
(ShareCast News) - The bad times for the mining sector were likely to continue, despite a tough last five years, which saw the worst performance for it since 1966, analysts at Barclays said. With the Chinese economy stagnating and purchasing managers' indices already beginning to roll over elsewhere
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