Black Diamond Group Ltd (TSE:BDI)’s share price traded down 2.6% during trading on Tuesday . The stock traded as low as C$1.86 and last traded at C$1.86. 64,621 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 192,111 shares. The stock had previously closed at C$1.91.
Several equities analysts have commented on the company. CIBC cut their price objective on Black Diamond Group from C$2.75 to C$1.75 in a research report on Thursday, August 17th. Acumen Capital dropped their price target on Black Diamond Group from C$4.50 to C$3.25 and set a “buy” rating on the stock in a research report on Thursday, August 17th. Clarus Securities downgraded Black Diamond Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. National Bank Financial downgraded Black Diamond Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$4.50 to C$3.00 in a research report on Thursday, August 17th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$6.00 price target on shares of Black Diamond Group in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$3.69.
The stock has a 50-day moving average price of $2.02 and a 200-day moving average price of $3.05. The stock’s market cap is $99.56 million.
The business also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.30 annualized dividend and a yield of 16.67%.
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Black Diamond Group Company Profile
Black Diamond Group Limited rents and sells portable workforce accommodation and space rental solutions. The Camps & Lodging segment provides workforce accommodation solutions ranging from basic accommodation unit rental to turnkey lodging. This segment?s lodging services include camps with on-site management of catering and housekeeping personnel and front desk services, as well as fresh water and waste water management, electricity, television, telephone, Internet, and consumables, such as fuel.
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