Cormark Upgrades Black Diamond Group (TSE:BDI) to Moderate Buy

Cormark upgraded shares of Black Diamond Group (TSE:BDI) to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports. Cormark also issued estimates for Black Diamond Group’s FY2027 earnings at $0.80 EPS.

Separately, Raymond James raised their price objective on Black Diamond Group from C$12.00 to C$14.00 and gave the company a “strong-buy” rating in a research report on Monday, August 26th.

Black Diamond Group Trading Up 0.6 %

BDI opened at C$9.39 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84. Black Diamond Group has a 52 week low of C$7.40 and a 52 week high of C$10.27. The stock has a market cap of C$562.55 million, a PE ratio of 19.56 and a beta of 1.54. The business has a 50 day moving average of C$9.07 and a 200-day moving average of C$9.01.

Black Diamond Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.035 dividend. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 31st. Black Diamond Group’s payout ratio is currently 25.00%.

Insider Activity at Black Diamond Group

In related news, Senior Officer Michael Lenard Ridley sold 9,329 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$9.37, for a total transaction of C$87,412.73. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of Black Diamond Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$9.40, for a total transaction of C$141,000.00. Insiders sold a total of 49,049 shares of company stock valued at $460,652 in the last 90 days. Corporate insiders own 23.83% of the company’s stock.

About Black Diamond Group

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.