|Bid||17.64 x 8800|
|Ask||17.80 x 876700|
|Day's Range||17.02 - 18.05|
|52 Week Range||16.68 - 73.45|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.74|
The miner bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest 3,106 carats rough gem diamond ever found in 1905. The mine is also the world's main source of rare blue diamonds. In March, Petra found a 425-carat diamond at the mine, and called it 'The Legacy'.
(Reuters) - Britain's main index lost ground on Monday as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 percent lower, lagging its European and Asian counterparts, ...
(Reuters) - Miner Petra Diamonds Ltd on Monday reported a 6.9 percent fall in third-quarter production at 924,228 carats, reflecting lower output at its Finsch mine. The company said its net debt reduced ...
Petra said Friday it recovered a 425-carat white color Type II stone. Just three years later, the 3,106-carat Cullinan diamond was dug from the new mine. It was cut into several polished gems, the two largest of which -- the Great Star of Africa and the Lesser Star of Africa -- are set in the Crown Jewels of Britain.
Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in the mining industry, would benefit the company as it sought to cut debt. Petra's stock had fallen about 30 percent this year as the company sought to cut borrowing after heavy capital investment in infrastructure and opening up a new section of ore at its flagship Cullinan mine in South Africa. Diamond prices meanwhile have dropped below historical annual averages.
The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond ever found - 3,106 carats - and being the world's main source of rare blue diamonds. The London-listed miner, which acquired Cullinan from industry leader De Beers, borrowed heavily to revamp the facility and began mining a new section of ore last July.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Petra Diamonds Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Petra's net debt jumped to $557.2 million (422.06 million pounds) in the six months to Dec. 31 from $538.9 million as at Sept. 30. Rough diamond prices fell to $96 per carat from $140 per carat in the previous year at the Cullinan mine, which in 1905 yielded the Cullinan diamond - the largest rough gem diamond ever found and now part of the Crown Jewels of the United Kingdom. Petra posted an 8 percent jump in revenue to $207.1 million, about 10 percent below RBC forecasts of $230 million, hurt by lower pricing at Cullinan.
Johan Dippenaar has been the CEO of Petra Diamonds Limited (LON:PDL) since 2005. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of Read More...
LONDON/TORONTO, Nov 23 (Reuters) - Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit. President John Magufuli, nicknamed "The Bulldozer", swept to power in 2015 pledging to secure a bigger share of resource wealth and cut corruption. Acacia was later handed a $190 billion tax bill - about four times the country's gross domestic product - for underreporting output.
LONDON (Reuters) - Petra Diamonds (PDL.L) is owed about $25 million (£19.1 million) in value added tax (VAT) refunds by Tanzania, its chief executive said on Monday. "We are not getting paid at the ...
Petra Diamonds (PDL.L) reported a 37 percent rise in full-year adjusted core earnings due to a rise in production at its continuing mines and said its chief executive would step down. Petra was forced to raised $170 million from investors in June as a stronger South African rand, operational delays and a confiscation of diamonds in Tanzania left it strapped for cash and in crippling debt. Outgoing chief executive Johan Dippenaar has been at the helm since 2005 since Petra merged with Crown Diamonds, and has overseen a rapid, capital-intensive growth phase.
How far off is Petra Diamonds Limited (LON:PDL) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...
The company, which has been hit by production delays, a confiscated consignment of diamonds in Tanzania and a strong South African rand, warned in May that production would be lower than expected, but did not provide a number. Petra shares fell to their lowest in more than 2-1/2 years in early trade before recovering a bit to trade down 4.2 percent at 47.93 pence at 0736 GMT. Total production rose 15 percent to 4.6 million carats, helped by the ongoing ramp-up of its new Cullinan plant in South Africa, but was still at the lower end of its forecast of 4.6-4.7 million carats.
Petra Diamonds (PDL.L) said it would sell its 75.9 percent stake in the business, which focuses on mining in the South African town of Kimberley, to its joint venture partner Ekapa Mining. The sale would allow Petra to focus on its Finsch and Cullinan diamond mines, reduce operational risk for the group and shore up its finances.