According to Zacks, “Mountain Province Diamonds Inc. Diamonds is a diamond exploration and development company. It has properties located in Canada’s Northwest Territories. Mountain Province Diamonds Inc., formerly known as Mountain Province Mining Inc., is headquartered in Toronto, Ontario. “
Separately, ValuEngine upgraded Mountain Province Diamonds from a sell rating to a hold rating in a research report on Thursday, August 8th.
Mountain Province Diamonds (NASDAQ:MPVD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $71.60 million for the quarter. Mountain Province Diamonds had a return on equity of 0.54% and a net margin of 0.03%. As a group, equities analysts predict that Mountain Province Diamonds will post 0.16 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP bought a new stake in shares of Mountain Province Diamonds during the fourth quarter valued at approximately $64,000. Toronto Dominion Bank boosted its position in shares of Mountain Province Diamonds by 66.6% during the first quarter. Toronto Dominion Bank now owns 33,106 shares of the company’s stock valued at $29,000 after purchasing an additional 13,240 shares in the last quarter. Morgan Stanley boosted its position in shares of Mountain Province Diamonds by 27.7% during the second quarter. Morgan Stanley now owns 92,091 shares of the company’s stock valued at $95,000 after purchasing an additional 19,971 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Mountain Province Diamonds during the second quarter valued at approximately $32,000. Finally, Tiedemann Advisors LLC bought a new stake in shares of Mountain Province Diamonds during the second quarter valued at approximately $4,120,000. Institutional investors own 7.84% of the company’s stock.
About Mountain Province Diamonds
Mountain Province Diamonds Inc, through its subsidiaries, focuses on the mining and marketing of rough diamonds worldwide. Its primary asset is its 49% interest in the Gahcho Kué diamond mine located in the Northwest Territories, Canada. The company was formerly known as Mountain Province Mining Inc and changed its name to Mountain Province Diamonds Inc in October 2000.
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