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. “
Separately, ValuEngine downgraded shares of Mountain Province Diamonds from a hold rating to a sell rating in a report on Wednesday, September 4th.
Mountain Province Diamonds (NASDAQ:MPVD) last issued its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter. Mountain Province Diamonds had a net margin of 0.03% and a return on equity of 0.54%. The business had revenue of $71.60 million for the quarter. As a group, research analysts forecast that Mountain Province Diamonds will post 0.16 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its holdings in shares of Mountain Province Diamonds by 66.6% in the first 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. Morgan Stanley increased its holdings in shares of Mountain Province Diamonds by 27.7% in the second quarter. Morgan Stanley now owns 92,091 shares of the company’s stock valued at $95,000 after purchasing an additional 19,971 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Mountain Province Diamonds in the second quarter valued at $32,000. Allianz Asset Management GmbH acquired a new position in shares of Mountain Province Diamonds in the second quarter valued at $953,000. Finally, Tiedemann Advisors LLC acquired a new position in shares of Mountain Province Diamonds in the second quarter valued at $4,120,000. Hedge funds and other institutional investors own 4.20% of the company’s stock.
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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