National Bank Financial downgraded Mountain Province Diamonds (TSE:MPV) from Outperform to Sector Perform in a statement released earlier today.
- Updated: September 28, 2016
National Bank Financial has downgraded Mountain Province Diamonds (TSE:MPV) from Outperform to Sector Perform in a report released on 9/28/2016. They are also stating a potential upside of 0%.
Previously on 08/04/2016, Scotia Capital released a statement about Mountain Province Diamonds (TSE:MPV) increased the target price from $7.00 to $7.50. At the time, this indicated a possible upside of 0%.
Just yesterday Mountain Province Diamonds (TSE:MPV) traded -0.43% lower at $0.00. Mountain Province Diamonds’s 50-day moving average is $6.59 and its 200-day moving average is $5.97. The last stock price is down 16.26% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 205,058 shares of MPV traded hands, up from an average trading volume of 87,218
Recent Performance Chart
Mountain Province Diamonds has 52 week low of $3.38 and a 52 week high of $7.18 and has a market capitalization of $0.
In addition to National Bank Financial reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $5.44 with 0 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Mountain Province Diamonds (TSE:MPV)
Mountain Province Diamonds Inc. (MPV) is a natural resource property exploration and development company. The Company holds approximately 49% interest in the Gahcho Kue Property. Its Gahcho Kue Property is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, approximately 300 kilometers east-northeast of Yellowknife and over 80 kilometers east-southeast of the existing Snap Lake Mine. The Gahcho Kue Property covers approximately 10,353 acres, and consists of over four mining leases (numbers 4341, 4199, 4200, and 4201). The Gahcho Kue Property hosts approximately four primary kimberlite bodies, such as Hearne, Tuzo, Tesla and 5034. Hearne Pipe has total surface area of approximately 1.5 hectares. The Tuzo Pipe has a total surface area of approximately 1.4 hectares. The 5034 Pipe has a total surface area of approximately 1.95 hectares. The Company's subsidiaries include 2435386 Ontario Inc. and 2435572 Ontario Inc.
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