11:46:04 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Black Diamond Group Ltd
Symbol BDI
Shares Issued 61,052,798
Close 2023-12-14 C$ 8.56
Market Cap C$ 522,611,951
Recent Sedar Documents

Globe says Acumen keeps Black Diamond at "buy"

2023-12-14 09:51 ET - In the News

The Globe and Mail reports in its Thursday, Dec. 14, edition that Acumen Capital analyst Trevor Reynolds continues to rank Black Diamond Group "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Reynolds gave his share target a $1.75 boost to $12. Analysts on average target the shares at $10.21. The Globe says Mr. Reynolds sees the outlook for Black Diamond Group as "highly compelling." He points to continued growth for its "modular space solutions" business, "steadily" increasing "workforce solutions" utilization and scaling of its LodgeLink travel management platform. Mr. Reynolds says he has "increased confidence in the outlook and the ability to recontract WFS assets." In a report released Wednesday, Mr. Reynolds released both his fourth quarter 2023 and full-year 2024 expectations for the Calgary-based provider of modular buildings and remote and temporary worker housing solutions following the early November release of third quarter results that "handily" topped his expectations. The Globe reported on Nov. 7 that Raymond James analyst Frederic Bastien had reaffirmed his "strong buy" recommendation for Black Diamond Group. The shares could then be had for $7.23.

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