Stornoway Diamond Co. (TSE:SWY) had its price target reduced by equities research analysts at TD Securities from C$0.90 to C$0.85 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 10.39% from the stock’s current price.

Separately, Royal Bank Of Canada downgraded Stornoway Diamond from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$1.30 to C$0.90 in a research note on Monday, July 10th.

Stornoway Diamond (TSE SWY) traded down 2.60% during mid-day trading on Tuesday, reaching $0.75. The company’s stock had a trading volume of 584,853 shares. The firm has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.82. Stornoway Diamond has a 1-year low of $0.69 and a 1-year high of $1.33. The company has a market capitalization of $621.50 million and a PE ratio of 15.62.

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In other news, Director Patrick Godin sold 250,000 shares of Stornoway Diamond stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of C$0.82, for a total transaction of C$205,000.00.

About Stornoway Diamond

Stornoway Diamond Corporation engages in the mining, acquisition, and exploration of diamond properties in Canada. Its principal project is the Renard diamond project located in north-central Quebec. The company was founded in 1986 and is headquartered in Longueuil, Canada.

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