Black Diamond Group Ltd (TSE:BDI) had its price objective reduced by Acumen Capital from C$4.50 to C$3.25 in a research report sent to investors on Thursday, StockTargetPrices.com reports. Acumen Capital currently has a buy rating on the stock.

Several other research analysts have also commented on BDI. Raymond James Financial, Inc. decreased their price objective on shares of Black Diamond Group from C$4.50 to C$2.80 and set an outperform rating for the company in a report on Tuesday, August 15th. Clarus Securities lowered shares of Black Diamond Group from a buy rating to a hold rating in a research note on Tuesday, August 8th. CIBC cut their price objective on shares of Black Diamond Group from C$2.75 to C$1.75 in a research report on Tuesday, August 8th. National Bank Financial cut their price objective on shares of Black Diamond Group from C$4.50 to C$3.00 and set a sector perform rating on the stock in a research report on Friday, August 4th. Finally, BMO Capital Markets reissued an outperform rating and set a C$6.00 price objective on shares of Black Diamond Group in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$3.69.

Black Diamond Group (TSE:BDI) opened at 1.78 on Thursday. The company’s 50-day moving average is $2.32 and its 200-day moving average is $3.43. The company’s market cap is $98.45 million. Black Diamond Group has a 52 week low of $1.55 and a 52 week high of $5.88.

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The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 16.85%. The ex-dividend date was Thursday, July 27th.

About Black Diamond Group

Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.

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