Mountain Province Diamonds Inc. (NASDAQ:MPVD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $3.75 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.94% from the stock’s previous close.

According to Zacks, “Mountain Province Diamonds Inc. Diamonds is a diamond exploration and development company. It has properties located in Canada’s Northwest Territories. Mountain Province Diamonds Inc., formerly known as Mountain Province Mining Inc., is headquartered in Toronto, Ontario. “

Shares of Mountain Province Diamonds (MPVD) opened at 3.35 on Tuesday. The company’s market cap is $536.78 million. The stock’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.39. Mountain Province Diamonds has a 52 week low of $2.55 and a 52 week high of $5.52.

ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/05/mountain-province-diamonds-inc-mpvd-rating-increased-to-buy-at-zacks-investment-research.html.

Several large investors have recently made changes to their positions in the stock. Scotia Capital Inc. purchased a new position in shares of Mountain Province Diamonds during the second quarter valued at approximately $202,000. Private Advisor Group LLC purchased a new position in shares of Mountain Province Diamonds during the second quarter valued at approximately $292,000. CIBC World Markets Inc. purchased a new position in shares of Mountain Province Diamonds during the second quarter valued at approximately $323,000. First Manhattan Co. purchased a new position in shares of Mountain Province Diamonds during the second quarter valued at approximately $819,000. Finally, TD Asset Management Inc. purchased a new position in shares of Mountain Province Diamonds during the second quarter valued at approximately $937,000. 26.33% of the stock is currently owned by institutional investors.

Mountain Province Diamonds Company 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.

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