BMO Capital Reiterates Their Hold Rating on Stornoway Diamond (SWY)


Stornoway Diamond (TSX: SWY), the Materials sector company, was revisited by a Wall Street analyst on September 19. BMO Capital’s analyst Andrew Breichmanas reiterates their Hold rating on the shares, with a C$0.40 price target.

According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Pan American Silver, and Agnico Eagle.

Stornoway Diamond has an analyst consensus of Hold, with a price target consensus of C$0.48.

Stornoway Diamond’s market cap is currently C$313.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.58.

Stornoway Diamond Corp. is a diamond exploration and development company, which engages in the acquisition, exploration and development of diamond projects. It holds interest in Renard Diamond, Qilalugaq, Timiskaming, Aviat, Hammer,Grassroots and Pikoo projects.

The company’s shares closed on Friday at C$0.38, close to its 52-week low of C$0.33.

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