Mountain Province Diamonds, Inc. (NASDAQ:MPVD) has been assigned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Mountain Province Diamonds’ rating score has improved by 16.5% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Mountain Province Diamonds an industry rank of 152 out of 255 based on the ratings given to related companies.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Mountain Province Diamonds from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub upgraded Mountain Province Diamonds from a “sell” rating to a “hold” rating in a research note on Saturday, June 23rd. Finally, BMO Capital Markets raised Mountain Province Diamonds from a “market perform” rating to an “outperform” rating in a report on Thursday, August 23rd.

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Mountain Province Diamonds by 14.3% in the 1st quarter. Barclays PLC now owns 478,341 shares of the company’s stock valued at $1,172,000 after acquiring an additional 60,000 shares in the last quarter. CIBC World Markets Inc. raised its holdings in shares of Mountain Province Diamonds by 163.6% in the 1st quarter. CIBC World Markets Inc. now owns 109,267 shares of the company’s stock valued at $268,000 after acquiring an additional 67,819 shares in the last quarter. First Manhattan Co. raised its holdings in shares of Mountain Province Diamonds by 10.3% in the 2nd quarter. First Manhattan Co. now owns 290,153 shares of the company’s stock valued at $710,000 after acquiring an additional 27,027 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in shares of Mountain Province Diamonds in the 2nd quarter valued at about $686,000. 11.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of MPVD stock traded up $0.07 on Thursday, hitting $1.91. 4,306 shares of the stock were exchanged, compared to its average volume of 50,654. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 3.27. The company has a market capitalization of $441.01 million, a price-to-earnings ratio of 23.13 and a beta of 0.21. Mountain Province Diamonds has a one year low of $1.75 and a one year high of $3.20.

Mountain Province Diamonds (NASDAQ:MPVD) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $76.78 million during the quarter. Mountain Province Diamonds had a return on equity of 3.63% and a net margin of 1.94%. Equities analysts predict that Mountain Province Diamonds will post 0.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Monday, September 10th were issued a dividend of $0.031 per share. The ex-dividend date was Friday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 6.49%. Mountain Province Diamonds’s dividend payout ratio (DPR) is 150.00%.

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.

Featured Story: Fundamental Analysis – How It Helps Investors

Get a free copy of the Zacks research report on Mountain Province Diamonds (MPVD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mountain Province Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mountain Province Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.