Mountain Province Diamonds, Inc. (NASDAQ:MPVD) Receives Consensus Recommendation of “Strong Buy” from Analysts

Mountain Province Diamonds, Inc. (NASDAQ:MPVD) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $3.25 for the company, according to Zacks. Zacks has also assigned Mountain Province Diamonds an industry rank of 163 out of 255 based on the ratings given to related companies.

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MPVD has been the topic of several research reports. Zacks Investment Research cut Mountain Province Diamonds from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. BMO Capital Markets set a $1.50 price objective on Mountain Province Diamonds and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, ValuEngine cut Mountain Province Diamonds from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th.

Several hedge funds have recently bought and sold shares of MPVD. Citadel Advisors LLC purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at about $32,000. Morgan Stanley lifted its position 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 buying 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 about $953,000. Finally, Tiedemann Advisors LLC purchased a new position in shares of Mountain Province Diamonds during the 2nd quarter valued at about $4,120,000. 4.14% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:MPVD traded down $0.01 on Friday, hitting $0.91. The stock had a trading volume of 1,000 shares, compared to its average volume of 21,635. The stock has a market cap of $188.68 million, a price-to-earnings ratio of 15.17 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 2.85 and a debt-to-equity ratio of 0.86. The business’s 50-day simple moving average is $0.97 and its two-hundred day simple moving average is $0.97. Mountain Province Diamonds has a 52-week low of $0.65 and a 52-week high of $1.48.

Mountain Province Diamonds (NASDAQ:MPVD) last announced its earnings results on Tuesday, November 5th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $41.53 million during the quarter. Mountain Province Diamonds had a negative return on equity of 6.67% and a negative net margin of 15.48%. As a group, equities research analysts anticipate that Mountain Province Diamonds will post 0.16 EPS for the current year.

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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