Cormark Comments on Black Diamond Group Ltd’s FY2016 Earnings (BDI)
Black Diamond Group Ltd (TSE:BDI) – Research analysts at Cormark reduced their FY2016 earnings per share (EPS) estimates for Black Diamond Group in a report issued on Tuesday. Cormark analyst J. Zhang now anticipates that the brokerage will post earnings of ($0.24) per share for the year, down from their prior forecast of ($0.23). Cormark also issued estimates for Black Diamond Group’s Q4 2016 earnings at ($0.07) EPS, Q1 2017 earnings at ($0.03) EPS and Q2 2017 earnings at ($0.06) EPS.
Several other research analysts have also recently weighed in on BDI. CIBC cut shares of Black Diamond Group from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from C$6.00 to C$4.50 in a research report on Monday, August 15th. Raymond James Financial Inc. boosted their price objective on shares of Black Diamond Group from C$6.00 to C$6.50 in a report on Tuesday, June 14th. Finally, Scotiabank restated a “sector perform” rating and issued a C$6.50 price objective on shares of Black Diamond Group in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$8.34.
Black Diamond Group (TSE:BDI) traded up 3.95% during trading on Thursday, reaching $4.74. The company’s stock had a trading volume of 172,381 shares. The stock’s market cap is $218.59 million. The firm’s 50-day moving average is $4.41 and its 200-day moving average is $4.81. Black Diamond Group has a 52-week low of $3.74 and a 52-week high of $10.22.
About Black Diamond Group
Black Diamond Group Limited is a Canada-based company, which rents and sells modular workforce accommodation and space rental solutions to customers in Canada, the United States and Australia. The Company offers lodging and other support services related to remote workforce accommodation and space rentals.
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