Mountain Province Diamonds, Inc. (NASDAQ:MPVD) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $3.58 for the company, according to Zacks. Zacks has also assigned Mountain Province Diamonds an industry rank of 84 out of 256 based on the ratings given to related companies.
Separately, ValuEngine upgraded Mountain Province Diamonds from a “sell” rating to a “hold” rating in a report on Thursday.
Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new position in shares of Mountain Province Diamonds during the 4th quarter worth approximately $51,000. Two Sigma Investments LP acquired a new position in shares of Mountain Province Diamonds during the 4th quarter worth approximately $255,000. Two Sigma Advisers LP acquired a new position in shares of Mountain Province Diamonds during the 4th quarter worth approximately $64,000. First Manhattan Co. raised its stake in shares of Mountain Province Diamonds by 84.1% during the 1st quarter. First Manhattan Co. now owns 439,278 shares of the company’s stock worth $386,000 after buying an additional 200,700 shares during the period. Finally, Toronto Dominion Bank raised its stake in Mountain Province Diamonds by 66.6% in the 1st quarter. Toronto Dominion Bank now owns 33,106 shares of the company’s stock valued at $29,000 after purchasing an additional 13,240 shares during the last quarter. Institutional investors and hedge funds own 6.42% of the company’s stock.
Shares of MPVD traded up $0.05 during trading hours on Thursday, hitting $0.98. The company had a trading volume of 23,543 shares, compared to its average volume of 78,484. The company’s fifty day moving average is $0.99. The company has a quick ratio of 0.25, a current ratio of 2.40 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $203.18 million, a PE ratio of 16.33 and a beta of 0.05. Mountain Province Diamonds has a 52-week low of $0.80 and a 52-week high of $2.30.
Mountain Province Diamonds (NASDAQ:MPVD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). Mountain Province Diamonds had a positive return on equity of 0.28% and a negative net margin of 5.35%. The firm had revenue of $45.65 million during the quarter. On average, sell-side analysts predict that Mountain Province Diamonds will post 0.21 EPS for the current year.
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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