Black Diamond Group Ltd (TSE:BDI) had its target price lowered by Raymond James Financial, Inc. from C$4.50 to C$2.80 in a research note published on Tuesday morning. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also recently commented on the company. Clarus Securities cut Black Diamond Group from a buy rating to a hold rating in a research report on Tuesday, August 8th. Acumen Capital dropped their price target on Black Diamond Group from C$4.50 to C$3.25 and set a buy rating on the stock in a research report on Tuesday, August 8th. CIBC dropped their price target on Black Diamond Group from C$2.75 to C$1.75 in a research report on Tuesday, August 8th. National Bank Financial dropped their price target on Black Diamond Group from C$4.50 to C$3.00 and set a sector perform rating on the stock in a research report on Friday, August 4th. Finally, BMO Capital Markets reissued an outperform rating and issued a C$6.00 price target on shares of Black Diamond Group in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$3.69.
Shares of Black Diamond Group (BDI) opened at 1.60 on Tuesday. The stock’s market capitalization is $88.49 million. The stock has a 50 day moving average price of $2.41 and a 200 day moving average price of $3.48. Black Diamond Group has a 52 week low of $1.55 and a 52 week high of $5.88.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.30 annualized dividend and a yield of 18.75%.
Black Diamond Group Company Profile
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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