Royal Bank Of Canada Reiterates Outperform Rating for Stornoway Diamond Co. (SWY)
Stornoway Diamond Co. (TSE:SWY)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a report released on Tuesday.
Several other research firms have also recently issued reports on SWY. Scotiabank restated an “outperform” rating and set a C$1.35 price objective on shares of Stornoway Diamond in a report on Friday, October 7th. TD Securities restated a “hold” rating and set a C$1.30 price objective on shares of Stornoway Diamond in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$1.42.
Stornoway Diamond (TSE:SWY) opened at 1.08 on Tuesday. Stornoway Diamond has a 1-year low of $0.66 and a 1-year high of $1.33. The company’s 50-day moving average price is $1.15 and its 200 day moving average price is $1.07. The firm’s market capitalization is $890.86 million.
About Stornoway Diamond
Stornoway Diamond Corporation is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.
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