Mountain Province Diamonds (MPVD) Rating Lowered to Hold at Zacks Investment Research

Mountain Province Diamonds (NASDAQ:MPVD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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. “

Mountain Province Diamonds (NASDAQ:MPVD) opened at $2.45 on Friday. The company has a market capitalization of $392.60, a PE ratio of 18.85 and a beta of 0.15. Mountain Province Diamonds has a 52 week low of $2.45 and a 52 week high of $5.45. The company has a quick ratio of 0.08, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.

A number of large investors have recently bought and sold shares of MPVD. Renaissance Technologies LLC acquired a new position in Mountain Province Diamonds in the first quarter worth about $119,000. Scotia Capital Inc. acquired a new position in Mountain Province Diamonds in the second quarter worth about $202,000. Private Advisor Group LLC acquired a new position in Mountain Province Diamonds in the second quarter worth about $292,000. CIBC World Markets Inc. acquired a new position in Mountain Province Diamonds in the second quarter worth about $323,000. Finally, TD Asset Management Inc. acquired a new position in Mountain Province Diamonds in the second quarter worth about $937,000. Institutional investors and hedge funds own 26.18% of the company’s stock.

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Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

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