Mountain Province Diamonds, Inc. (MPVD) Receives Average Rating of “Buy” from Brokerages

Mountain Province Diamonds, Inc. (NASDAQ:MPVD) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Analysts have set a one year consensus price target of $5.00 for the company, according to Zacks. Zacks has also given Mountain Province Diamonds an industry rank of 106 out of 255 based on the ratings given to its competitors.

Several research firms have recently commented on MPVD. BidaskClub cut shares of Mountain Province Diamonds from a “hold” rating to a “sell” rating in a research report on Saturday, August 4th. Zacks Investment Research cut shares of Mountain Province Diamonds from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, ValuEngine raised shares of Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd.

Several large investors have recently bought and sold shares of MPVD. Renaissance Technologies LLC purchased a new stake in shares of Mountain Province Diamonds in the 4th quarter worth about $116,000. Private Advisor Group LLC purchased a new position in Mountain Province Diamonds during the 1st quarter valued at about $193,000. FIL Ltd lifted its position in Mountain Province Diamonds by 107.4% during the 1st quarter. FIL Ltd now owns 5,043,941 shares of the company’s stock valued at $12,528,000 after acquiring an additional 2,611,411 shares during the period. Barclays PLC lifted its position in Mountain Province Diamonds by 14.3% during the 1st quarter. Barclays PLC now owns 478,341 shares of the company’s stock valued at $1,172,000 after acquiring an additional 60,000 shares during the period. Finally, CIBC World Markets Inc. lifted its position in Mountain Province Diamonds by 163.6% during the 1st quarter. CIBC World Markets Inc. now owns 109,267 shares of the company’s stock valued at $268,000 after acquiring an additional 67,819 shares during the period. 15.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:MPVD traded up $0.05 on Friday, hitting $1.95. The company had a trading volume of 100 shares, compared to its average volume of 52,772. Mountain Province Diamonds has a 1 year low of $1.85 and a 1 year high of $3.70. The company has a current ratio of 3.27, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The stock has a market cap of $451.51 million, a price-to-earnings ratio of 24.67 and a beta of 0.18.

Mountain Province Diamonds (NASDAQ:MPVD) last posted its earnings results on Wednesday, August 8th. The company reported $0.01 EPS for the quarter. Mountain Province Diamonds had a net margin of 1.94% and a return on equity of 3.63%. The firm had revenue of $76.78 million during the quarter. equities analysts forecast that Mountain Province Diamonds will post -0.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Monday, September 10th will be given a $0.031 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.12 annualized dividend and a dividend yield of 6.36%.

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.

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