Intact Investment Management Inc. purchased a new position in Mountain Province Diamonds Inc. (NASDAQ:MPVD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 828,800 shares of the company’s stock, valued at approximately $3,207,000. Intact Investment Management Inc. owned approximately 0.52% of Mountain Province Diamonds as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Manhattan Co. bought a new position in shares of Mountain Province Diamonds in the second quarter worth $819,000. Tocqueville Asset Management L.P. bought a new position in shares of Mountain Province Diamonds in the second quarter worth $4,519,000. Sentry Investments Corp. acquired a new stake in shares of Mountain Province Diamonds in the second quarter valued at $3,380,000. JPMorgan Chase & Co. acquired a new stake in shares of Mountain Province Diamonds in the second quarter valued at $16,448,000. Finally, TD Asset Management Inc. acquired a new stake in shares of Mountain Province Diamonds in the second quarter valued at $937,000. 26.33% of the stock is owned by institutional investors.

Shares of Mountain Province Diamonds Inc. (NASDAQ:MPVD) opened at 3.35 on Monday. The stock has a 50 day moving average price of $3.61 and a 200 day moving average price of $3.39. The firm’s market cap is $536.78 million. Mountain Province Diamonds Inc. has a one year low of $2.55 and a one year high of $5.52.

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Separately, Zacks Investment Research upgraded Mountain Province Diamonds from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Friday, August 25th.

Mountain Province Diamonds Profile

Mountain Province Diamonds Inc is a resource company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company holds interests in the GK Diamond Mine. The GK Diamond Mine is located in the Northwest Territories (NWT) of Canada, in the District of Mackenzie, 300 kilometers east-northeast of Yellowknife and 80 kilometers east-southeast of the Snap Lake Mine.

Institutional Ownership by Quarter for Mountain Province Diamonds (NASDAQ:MPVD)

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