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. “
Several other equities analysts have also recently weighed in on MPVD. ValuEngine cut shares of Mountain Province Diamonds from a hold rating to a sell rating in a research report on Wednesday, September 4th. BMO Capital Markets set a $1.50 price objective on shares of Mountain Province Diamonds and gave the stock a buy rating in a research report on Thursday, September 26th.
Mountain Province Diamonds (NASDAQ:MPVD) last posted its quarterly earnings data 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 firm had revenue of $71.60 million for the quarter. On average, research analysts forecast that Mountain Province Diamonds will post 0.16 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MPVD. Citadel Advisors LLC purchased a new position in Mountain Province Diamonds during the 2nd quarter worth approximately $32,000. Morgan Stanley grew its holdings in shares of Mountain Province Diamonds by 27.7% during the 2nd quarter. Morgan Stanley now owns 92,091 shares of the company’s stock valued at $95,000 after acquiring an additional 19,971 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at $953,000. Finally, Tiedemann Advisors LLC purchased a new position in shares of Mountain Province Diamonds during the 2nd 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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