Mountain Province Diamonds Inc. (MPVD) Given $5.00 Consensus Target Price by Analysts
Mountain Province Diamonds Inc. (NASDAQ:MPVD) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $5.00 for the company, according to Zacks. Zacks has also assigned Mountain Province Diamonds an industry rank of 51 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Mountain Province Diamonds from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th.
Shares of Mountain Province Diamonds (MPVD) traded down $0.06 during trading hours on Friday, hitting $2.85. The stock had a trading volume of 31,742 shares, compared to its average volume of 34,517.
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Hedge funds have recently made changes to their positions in the company. Scotia Capital Inc. bought a new stake in shares of Mountain Province Diamonds in the second quarter worth approximately $202,000. Private Advisor Group LLC bought a new stake in shares of Mountain Province Diamonds in the second quarter worth approximately $292,000. CIBC World Markets Inc. bought a new stake in shares of Mountain Province Diamonds in the second quarter worth approximately $323,000. First Manhattan Co. bought a new stake in shares of Mountain Province Diamonds in the second quarter worth approximately $819,000. Finally, TD Asset Management Inc. bought a new stake in shares of Mountain Province Diamonds in the second quarter worth approximately $937,000. Hedge funds and other institutional investors own 26.33% of the company’s stock.
Mountain Province Diamonds Company Profile
Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.
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