Mountain Province Diamonds, Inc. (NASDAQ:MPVD) has been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Mountain Province Diamonds’ rating score has declined by 100% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 1-year consensus target price of $5.00 for the company, according to Zacks. Zacks has also assigned Mountain Province Diamonds an industry rank of 60 out of 255 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Mountain Province Diamonds from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 24th. ValuEngine upgraded Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research upgraded Mountain Province Diamonds from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Friday, May 25th.
Several institutional investors and hedge funds have recently made changes to their positions in MPVD. Renaissance Technologies LLC bought a new stake in shares of Mountain Province Diamonds during the fourth quarter valued at about $116,000. Private Advisor Group LLC purchased a new position in shares of Mountain Province Diamonds during the first quarter worth about $193,000. CIBC World Markets Inc. grew its holdings in shares of Mountain Province Diamonds by 163.6% during the first quarter. CIBC World Markets Inc. now owns 109,267 shares of the company’s stock worth $268,000 after purchasing an additional 67,819 shares in the last quarter. Barclays PLC grew its holdings in shares of Mountain Province Diamonds by 14.3% during the first quarter. Barclays PLC now owns 478,341 shares of the company’s stock worth $1,172,000 after purchasing an additional 60,000 shares in the last quarter. Finally, FIL Ltd grew its holdings in shares of Mountain Province Diamonds by 107.4% during the first quarter. FIL Ltd now owns 5,043,941 shares of the company’s stock worth $12,528,000 after purchasing an additional 2,611,411 shares in the last quarter. Hedge funds and other institutional investors own 15.20% of the company’s stock.
Shares of MPVD opened at $2.40 on Wednesday. Mountain Province Diamonds has a twelve month low of $2.30 and a twelve month high of $4.10. The stock has a market cap of $502.52 million, a PE ratio of 30.00 and a beta of 0.16. The company has a current ratio of 3.26, a quick ratio of 0.76 and a debt-to-equity ratio of 1.21.
About Mountain Province Diamonds
Mountain Province Diamonds Inc, through its wholly owned subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. The company's 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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