Mountain Province Diamonds (MPVD) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Mountain Province Diamonds (NASDAQ:MPVD) from a hold rating to a sell rating in a report published on Wednesday morning.

Several other brokerages also recently weighed in on MPVD. Zacks Investment Research downgraded shares of Mountain Province Diamonds from a buy rating to a hold rating in a research note on Wednesday, July 25th. BMO Capital Markets raised shares of Mountain Province Diamonds from a market perform rating to an outperform rating in a research note on Thursday, August 23rd.

Mountain Province Diamonds stock opened at $1.72 on Wednesday. The company has a market capitalization of $331.81 million, a PE ratio of 21.50 and a beta of 0.52. Mountain Province Diamonds has a 1 year low of $1.44 and a 1 year high of $3.00. The company has a current ratio of 3.27, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

Mountain Province Diamonds (NASDAQ:MPVD) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. Mountain Province Diamonds had a net margin of 1.94% and a return on equity of 3.63%. The business had revenue of $76.78 million for the quarter. On average, research analysts forecast that Mountain Province Diamonds will post 0.18 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of MPVD. Russell Investments Group Ltd. acquired a new position in Mountain Province Diamonds during the 3rd quarter worth approximately $154,000. Private Advisor Group LLC acquired a new position in Mountain Province Diamonds during the 3rd quarter worth approximately $194,000. Swiss National Bank acquired a new position in Mountain Province Diamonds during the 2nd quarter worth approximately $686,000. Finally, First Manhattan Co. grew its holdings in Mountain Province Diamonds by 10.3% during the 2nd quarter. First Manhattan Co. now owns 290,153 shares of the company’s stock worth $710,000 after acquiring an additional 27,027 shares in the last quarter. Institutional investors own 11.54% of the company’s stock.

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: Outstanding Shares

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