August 23, 2018 / 12:12 PM / a month ago

BUZZ-Mountain Province Diamonds: Gains after BMO upgrades to "buy"

** U.S.-listed shares of Canadian diamond mining company up 4.7 pct at $2.25 premarket after BMO upgrades to “outperform” from “market perform”

** Brokerage says MPVD looks attractive after recent selloff, dividend announcement

** Analysis of future cash flows shows company is free cash flow positive after finance costs and dividends, which puts co in a strong position - BMO

** Of the 3 brokerages covering the Canadian stock , 1 rates MPVD “buy” the rest “hold”

** Stock has lost ~22 pct this year (Reporting by Amy Caren Daniel in Bengaluru)

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