Today’s Rating On Watch: Analysts at Scotia Capital Kept the Same their “Outperform” rating for Stornoway Diamond Corporation (TSE:SWY) with $1.35 Target Price

November 24, 2016 - By Adrian Mccoy

Stornoway Diamond Corporation (TSE:SWY) Rating

In a note issued to investors and clients on today, Scotia Capital reaffirmed their “Outperform” rating on Stornoway Diamond Corporation (TSE:SWY)‘s stock. The TP would indicate a potential upside of 33.66% from firm’s last stock close price.

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. Scotia Capital maintained Stornoway Diamond Corporation (TSE:SWY) rating on Friday, October 7. Scotia Capital has “Outperform” rating and $1.35 price target. Scotia Capital maintained the stock with “Outperform” rating in Thursday, August 18 report. RBC Capital Markets maintained the shares of SWY in a report on Thursday, December 10 with “Outperform” rating. TD Securities maintained Stornoway Diamond Corporation (TSE:SWY) rating on Thursday, August 11. TD Securities has “Hold” rating and $1.30 price target. The firm earned “Outperform” rating on Friday, August 12 by Scotia Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 26 report. Scotia Capital maintained the shares of SWY in a report on Wednesday, November 16 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Tuesday, November 15 with “Outperform”. The firm earned “Outperform” rating on Wednesday, August 19 by RBC Capital Markets.

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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