Mountain Province Diamonds Sets New 12-Month High on Analyst Upgrade (MDM)
Mountain Province Diamonds (NYSE:MDM) shares reached a new 52-week high on Thursday after Scotiabank raised their price target on the stock from C$6.15 to C$6.60, StockRatingsNetwork.com reports. Scotiabank currently has an outperform rating on the stock. Mountain Province Diamonds traded as high as $5.58 and last traded at $5.47, with a volume of 29,162 shares traded. The stock had previously closed at $5.43.
Separately, analysts at National Bank Financial cut their price target on shares of Mountain Province Diamonds from C$6.50 to C$6.35 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock.
The stock has a 50-day moving average of $4.92 and a 200-day moving average of $4.76. The company’s market cap is $580.0 million.
Mountain Province Diamonds (NYSE:MDM) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.01). Analysts expect that Mountain Province Diamonds will post $-0.05 EPS for the current fiscal year.
Mountain Province Diamonds Inc is a natural resource property exploration and development company. The Company has interests in several natural resource properties, including a 49% interest (NYSE:MDM) in the AK Property located in the Northwest Territories of Canada.
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