Zacks Investment Research downgraded shares of Mountain Province Diamonds (NASDAQ:MPVD) from a hold rating to a sell rating in a report issued on Thursday.
According to Zacks, “Mountain Province Diamonds Inc. Diamonds is a diamond exploration and development company. It has properties located in Canada’s Northwest Territories. Mountain Province Diamonds Inc., formerly known as Mountain Province Mining Inc., is headquartered in Toronto, Ontario. “
MPVD has been the subject of several other research reports. BidaskClub upgraded Mountain Province Diamonds from a sell rating to a hold rating in a report on Tuesday, August 21st. BMO Capital Markets upgraded Mountain Province Diamonds from a market perform rating to an outperform rating in a report on Thursday, August 23rd.
Several large investors have recently modified their holdings of MPVD. Russell Investments Group Ltd. purchased a new stake in shares of Mountain Province Diamonds during the 3rd quarter worth about $154,000. Private Advisor Group LLC purchased a new stake in shares of Mountain Province Diamonds during the 3rd quarter worth about $194,000. Swiss National Bank purchased a new stake in shares of Mountain Province Diamonds during the 2nd quarter worth about $686,000. First Manhattan Co. grew its holdings in shares of 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 purchasing an additional 27,027 shares during the period. Finally, Capital World Investors purchased a new stake in shares of Mountain Province Diamonds during the 3rd quarter worth about $15,706,000. Institutional investors and hedge funds own 11.27% of the company’s stock.
About Mountain Province Diamonds
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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