Mountain Province Diamonds (NASDAQ:MPVD) has been assigned a $1.50 target price by investment analysts at BMO Capital Markets in a research note issued on Thursday, TipRanks reports. The firm currently has a “buy” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 58.33% from the stock’s current price.
Several other analysts have also commented on MPVD. ValuEngine lowered shares of Mountain Province Diamonds from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Mountain Province Diamonds from a “hold” rating to a “sell” rating in a report on Thursday.
MPVD traded down $0.05 during trading on Thursday, reaching $0.95. The company’s stock had a trading volume of 20,098 shares, compared to its average volume of 70,358. The company has a quick ratio of 0.92, a current ratio of 3.90 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $0.86 and a two-hundred day simple moving average of $0.96. Mountain Province Diamonds has a 1 year low of $0.65 and a 1 year high of $2.18. The company has a market cap of $210.14 million, a price-to-earnings ratio of 15.79 and a beta of 0.06.
Mountain Province Diamonds (NASDAQ:MPVD) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.01 EPS for the quarter. The firm had revenue of $71.60 million for the quarter. Mountain Province Diamonds had a net margin of 0.03% and a return on equity of 0.54%. As a group, equities analysts forecast that Mountain Province Diamonds will post 0.16 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of MPVD. Tiedemann Advisors LLC acquired a new stake in Mountain Province Diamonds in the 2nd quarter valued at approximately $4,120,000. Allianz Asset Management GmbH acquired a new stake in Mountain Province Diamonds in the 2nd quarter valued at approximately $953,000. Citadel Advisors LLC acquired a new stake in Mountain Province Diamonds in the 2nd quarter valued at approximately $32,000. Finally, Morgan Stanley increased its holdings in Mountain Province Diamonds by 27.7% in the 2nd quarter. Morgan Stanley now owns 92,091 shares of the company’s stock valued at $95,000 after purchasing an additional 19,971 shares during the last quarter. Hedge funds and other institutional investors own 4.20% of the company’s stock.
About Mountain Province Diamonds
Mountain Province Diamonds Inc, through its subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. Its primary asset is its 49% interest in the Gahcho Kué diamond mine located in the Northwest Territories, Canada. The company was formerly known as Mountain Province Mining Inc and changed its name to Mountain Province Diamonds Inc in October 2000.
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