Stornoway Diamond (SWY) Posts Quarterly Earnings, Misses Estimates By $0.04 EPS
Stornoway Diamond (TSE:SWY) posted its quarterly earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.04, Analyst Ratings Net reports.
Shares of Stornoway Diamond (TSE:SWY) opened at 0.65 on Wednesday. Stornoway Diamond has a 52 week low of $0.49 and a 52 week high of $1.22. The stock has a 50-day moving average of $0.67 and a 200-day moving average of $0.81. The company’s market cap is $475.1 million.
SWY has been the subject of a number of recent research reports. Analysts at Paradigm Capital cut their price target on shares of Stornoway Diamond from C$2.00 to C$1.05 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Analysts at BMO Capital Markets upgraded shares of Stornoway Diamond from a “market perform” rating to an “outperform” rating in a research note on Monday, June 2nd.
Stornoway Diamond Corporation is a diamond exploration and development company. The Company is engaged in the exploration and development of diamond projects in Canada.
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