Zacks: Mountain Province Diamonds (MPVD) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Mountain Province Diamonds (NASDAQ:MPVD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Mountain Province Diamonds an industry rank of 118 out of 265 based on the ratings given to related companies.

How to Become a New Pot Stock Millionaire

Several brokerages have issued reports on MPVD. BidaskClub upgraded Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research report on Saturday, April 7th. Zacks Investment Research upgraded Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th.

Shares of NASDAQ:MPVD traded up $0.03 during trading hours on Monday, hitting $2.50. 22,430 shares of the company’s stock traded hands, compared to its average volume of 71,827. Mountain Province Diamonds has a 1 year low of $2.40 and a 1 year high of $4.10. The firm has a market capitalization of $396.61, a PE ratio of 31.25 and a beta of 0.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.80 and a quick ratio of 1.42.

Mountain Province Diamonds (NASDAQ:MPVD) last announced its earnings results on Monday, March 26th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $60.82 million during the quarter. equities research analysts expect that Mountain Province Diamonds will post -0.18 EPS for the current fiscal year.

An institutional investor recently bought a new position in Mountain Province Diamonds stock. Renaissance Technologies LLC purchased a new stake in Mountain Province Diamonds (NASDAQ:MPVD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 42,240 shares of the company’s stock, valued at approximately $116,000. Hedge funds and other institutional investors own 23.54% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/16/zacks-mountain-province-diamonds-mpvd-receives-consensus-recommendation-of-strong-buy-from-brokerages.html.

Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc, through its wholly owned subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. The company's primary asset is its 49% interest in the Gahcho Kué project comprising four mining leases covering an area of approximately 10,353 acres located in the Northwest Territories, Canada.

Get a free copy of the Zacks research report on Mountain Province Diamonds (MPVD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mountain Province Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mountain Province Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply