Mountain Province Diamonds Inc. (TSE:MPVD) was down 7.9% during mid-day trading on Tuesday . The company traded as low as C$3.52 and last traded at C$3.84. Approximately 139,266 shares were traded during trading, a decline of 2% from the average daily volume of 142,658 shares. The stock had previously closed at C$3.56.

A number of equities research analysts have recently issued reports on MPVD shares. BMO Capital Markets reduced their price target on shares of Mountain Province Diamonds from C$5.00 to C$4.00 in a research report on Tuesday, September 26th. Royal Bank Of Canada reduced their price target on shares of Mountain Province Diamonds from C$4.90 to C$4.40 and set a “sector perform” rating for the company in a research report on Thursday, October 12th. Finally, lifted their price target on shares of Mountain Province Diamonds from C$4.80 to C$4.90 and gave the company a “sector perform” rating in a research report on Monday, July 31st.

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Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc, a diamond mining company, focuses on mining and marketing of rough diamonds worldwide. The company’s primary asset is its 49% interest in the Gahcho Kué project comprising four mining leases covering an area of approximately 10,353 acres located in the Northwest Territories, Canada.

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