RBC Capital Reiterates “Outperform” Rating for Dominion Diamond Corp (DDC)
Dominion Diamond Corp (NYSE:DDC)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a $22.00 price objective on the stock. RBC Capital’s price objective would indicate a potential upside of 76.14% from the stock’s previous close.
Shares of Dominion Diamond Corp (NYSE:DDC) traded down 1.26% during mid-day trading on Thursday, hitting $12.49. The stock had a trading volume of 338,219 shares. Dominion Diamond Corp has a 1-year low of $11.63 and a 1-year high of $17.02. The stock has a 50-day moving average of $13.04 and a 200-day moving average of $14.66. The company has a market cap of $1.062 billion and a P/E ratio of 2.15.
Separately, analysts at TheStreet downgraded shares of Dominion Diamond Corp (NYSE:DDC) from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.10.
Dominion Diamond Corporation focused on the mining and marketing of rough diamonds. On March 26, 2013, Harry Winston Diamond Corporation completed the sale of its Harry Winston luxury brand business to the Swatch Group Ltd.
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