BMO Capital Markets Reiterates “C$3.50” Price Target for Mountain Province Diamonds (MPVD)
Mountain Province Diamonds (TSE:MPVD) has been assigned a C$3.50 price target by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential downside of 0.28% from the company’s previous close.
Separately, Royal Bank of Canada cut their target price on shares of Mountain Province Diamonds from C$4.40 to C$3.70 and set a “sector perform” rating on the stock in a research report on Wednesday, November 29th.
Mountain Province Diamonds (TSE MPVD) traded up C$0.05 during midday trading on Friday, reaching C$3.51. 1,466,083 shares of the company’s stock were exchanged, compared to its average volume of 548,271. The stock has a market cap of $546.44, a P/E ratio of 23.40 and a beta of -0.18. Mountain Province Diamonds has a 1-year low of C$3.18 and a 1-year high of C$6.94.
Mountain Province Diamonds Company Profile
Mountain Province Diamonds Inc, a diamond mining company, focuses on mining and marketing of rough diamonds worldwide. The companys primary asset is its 49% interest in the Gahcho Kué project comprising four mining leases covering an area of approximately 10,353 acres located in the Northwest Territories, Canada.
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