Black Diamond Group Ltd (TSE:BDI) Rating Lowered to Hold at Clarus Securities

Clarus Securities cut shares of Black Diamond Group Ltd (TSE:BDI) from a buy rating to a hold rating in a report released on Tuesday morning. Clarus Securities also issued estimates for Black Diamond Group’s Q3 2017 earnings at ($0.08) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.42) EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.13) EPS.

A number of other research analysts have also weighed in on BDI. CIBC dropped their price objective on Black Diamond Group from C$2.75 to C$1.75 in a report on Tuesday. National Bank Financial dropped their price objective on Black Diamond Group from C$4.50 to C$3.00 and set a sector perform rating on the stock in a report on Friday, August 4th. Acumen Capital dropped their price objective on Black Diamond Group from C$4.50 to C$3.25 and set a buy rating on the stock in a report on Tuesday. Finally, BMO Capital Markets reaffirmed an outperform rating and set a C$6.00 price objective on shares of Black Diamond Group in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of C$4.07.

Shares of Black Diamond Group (TSE BDI) opened at 1.69 on Tuesday. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $3.57. The stock’s market cap is $93.47 million. Black Diamond Group has a 52-week low of $1.59 and a 52-week high of $5.88.

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The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.30 dividend on an annualized basis and a yield of 17.75%.

About Black Diamond Group

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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