FY2016 Earnings Forecast for Mountain Province Diamonds Inc (MPV) Issued By National Bank Financial
Mountain Province Diamonds Inc (TSE:MPV) – Equities researchers at National Bank Financial lifted their FY2016 earnings per share (EPS) estimates for shares of Mountain Province Diamonds in a research note issued on Tuesday. National Bank Financial analyst R. Ray now forecasts that the firm will post earnings per share of ($0.05) for the year, up from their previous estimate of ($0.21). National Bank Financial has a “Sector Perform” rating on the stock.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets boosted their price target on shares of Mountain Province Diamonds from C$6.00 to C$7.00 in a report on Thursday. Scotiabank upped their price objective on shares of Mountain Province Diamonds from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, Royal Bank Of Canada downgraded shares of Mountain Province Diamonds from an “outperform” rating to a “sector perform” rating in a report on Monday, June 13th.
Shares of Mountain Province Diamonds (TSE:MPV) opened at 6.86 on Friday. The stock has a 50 day moving average of $6.66 and a 200-day moving average of $6.00. Mountain Province Diamonds has a 1-year low of $3.40 and a 1-year high of $7.18. The firm’s market capitalization is $1.10 billion.
About Mountain Province Diamonds
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.
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