Gemfields Group Ltd 28.0% potential upside indicated by Liberum Capital

Gemfields Group Ltd with ticker (LON:GEM) now has a potential upside of 28.0% according to Liberum Capital.



Liberum Capital set a target price of 23 GBX for the company, which when compared to the Gemfields Group Ltd share price of 17 GBX at opening today (20/01/2022) indicates a potential upside of 28.0%. Trading has ranged between 6 (52 week low) and 18 (52 week high) with an average of 92,165 shares exchanging hands daily. The market capitalisation at the time of writing is £4,127,543,000.

Gemfields Group Limited, formerly Pallinghurst Resources Limited, is a Guernsey-based mining company that produces and supplies of sourced colored gemstones. The company operates Kagem emerald mine in Zambia and Montepuez ruby mine in Mozambique. Kagem emerald mine covers an area of 41 square kilometer (sq) in the Ndola Rural Emerald Restricted Area and lies south of Kitwe and west of Ndola, in Zambia’s Copperbelt Province. Montepuez ruby mine is located in the northeast of Mozambique within the Cabo Delgado Province, which covers an area of 34,966 hectares. It also owns Web Gemstone Mining plc, which holds 200 sq emerald exploration license in southern Ethiopia. It also holds interest in various other gemstone mining. It provides auction and trading platform to provide a supply of colored gemstones to markets. Its subsidiaries include Kagem Mining Limited, Montepuez Ruby Mining Limitada, Faberge Limited, Sedibelo Platinum Mines Limited and Jupiter Mines Limited.