Scotiabank reiterated their outperform rating on shares of Stornoway Diamond Co. (TSE:SWY) in a research note published on Wednesday morning. The firm currently has a C$1.35 price objective on the stock.

Several other brokerages have also weighed in on SWY. TD Securities restated a hold rating and issued a C$1.30 price target on shares of Stornoway Diamond in a research note on Wednesday, August 10th. Royal Bank Of Canada restated an outperform rating and issued a C$1.50 price target on shares of Stornoway Diamond in a research note on Friday, August 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stornoway Diamond has a consensus rating of Buy and an average price target of C$1.42.

Shares of Stornoway Diamond (TSE:SWY) traded up 0.463% during midday trading on Wednesday, reaching $1.085. The company’s stock had a trading volume of 56,955 shares. The firm’s market cap is $894.98 million. The stock’s 50 day moving average price is $1.15 and its 200 day moving average price is $1.07. Stornoway Diamond has a one year low of $0.66 and a one year high of $1.33.

Stornoway Diamond Company Profile

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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