Rating of The Day: RBC Capital Markets Reconfirms “Outperform” Rating for Stornoway Diamond Corporation (TSE:SWY) Stock

November 24, 2016 - By Nellie Frank

Stornoway Diamond Corporation (TSE:SWY) Rating

In analysts note shared with investors on Thursday morning, RBC Capital Markets reaffirmed their “Outperform” rating on Stornoway Diamond Corporation (TSE:SWY)‘s stock.

Stornoway Diamond Corporation (TSE:SWY) Ratings Coverage

Out of 4 analysts covering Stornoway Diamond Corporation (TSE:SWY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $1.50 is the highest target while $1.30 is the lowest. The $1.41 average target is 39.60% above today’s ($1.01) stock price. Stornoway Diamond Corporation has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Scotia Capital on Friday, October 7. As per Thursday, December 10, the company rating was maintained by RBC Capital Markets. Scotia Capital maintained Stornoway Diamond Corporation (TSE:SWY) on Friday, August 12 with “Outperform” rating. TD Securities maintained Stornoway Diamond Corporation (TSE:SWY) on Thursday, August 11 with “Hold” rating. On Wednesday, August 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Stornoway Diamond Corporation (TSE:SWY) has “Outperform” rating given on Thursday, August 18 by Scotia Capital. Scotia Capital maintained Stornoway Diamond Corporation (TSE:SWY) rating on Wednesday, November 16. Scotia Capital has “Outperform” rating and $1.35 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 15 report. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 26.

About 611,796 shares traded hands. Stornoway Diamond Corporation (TSE:SWY) has risen 0.98% since April 20, 2016 and is uptrending. It has underperformed by 4.43% the S&P500.

Stornoway Diamond Corporation is a Canada diamond exploration and development company. The company has a market cap of $825.79 million. The Firm is principally engaged in the acquisition, exploration and development of diamond properties. It currently has negative earnings. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.

More important recent Stornoway Diamond Corporation (TSE:SWY) news were published by: Business.Financialpost.com which released: “PDAC 2016: Stornoway Diamond CEO explains company’s ‘fairy tale’ rise into the …” on March 07, 2016, also Seekingalpha.com published article titled: “Stornoway Diamond Corp.: A Speculative Opportunity (SWYDF)”, Seekingalpha.com published: “Is Stornoway Diamond An Investment Or A Speculation?” on January 25, 2016. More interesting news about Stornoway Diamond Corporation (TSE:SWY) was released by: Business.Financialpost.com and their article: “Quebec’s first diamond mine marks a milestone in the Plan Nord program” with publication date: October 26, 2016.

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