Shares of Mountain Province Diamonds, Inc. (NASDAQ:MPVD) have been assigned an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Mountain Province Diamonds’ rating score has improved by 16.5% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus target price of $5.00 for the company, according to Zacks. Zacks has also assigned Mountain Province Diamonds an industry rank of 167 out of 255 based on the ratings given to its competitors.
Several research firms have commented on MPVD. BidaskClub raised shares of Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research downgraded shares of Mountain Province Diamonds from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, BMO Capital Markets raised shares of Mountain Province Diamonds from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 23rd.
Shares of MPVD stock opened at $1.69 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 3.27. Mountain Province Diamonds has a fifty-two week low of $1.65 and a fifty-two week high of $3.00. The stock has a market cap of $354.91 million, a PE ratio of 21.13 and a beta of 0.52.
Mountain Province Diamonds (NASDAQ:MPVD) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. Mountain Province Diamonds had a return on equity of 3.63% and a net margin of 1.94%. The business had revenue of $76.78 million during the quarter. Sell-side analysts predict that Mountain Province Diamonds will post 0.18 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Swiss National Bank acquired a new position in Mountain Province Diamonds during the second quarter worth $686,000. First Manhattan Co. increased its position in Mountain Province Diamonds by 10.3% during the second quarter. First Manhattan Co. now owns 290,153 shares of the company’s stock worth $710,000 after buying an additional 27,027 shares during the last quarter. CIBC World Markets Inc. increased its position in Mountain Province Diamonds by 163.6% during the first quarter. CIBC World Markets Inc. now owns 109,267 shares of the company’s stock worth $268,000 after buying an additional 67,819 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Mountain Province Diamonds during the third quarter worth $154,000. Finally, Private Advisor Group LLC acquired a new position in Mountain Province Diamonds during the third quarter worth $194,000. 11.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also: Return on Investment (ROI)
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