RBC Capital Increases Dominion Diamond Corp Price Target to $23.00 (DDC)
Equities researchers at RBC Capital boosted their price target on shares of Dominion Diamond Corp (NYSE:DDC) from $21.00 to $23.00 in a research report issued on Friday, Stock Ratings News reports. RBC Capital’s price objective would suggest a potential upside of 57.97% from the stock’s previous close.
A number of other firms have also recently commented on DDC. Analysts at Zacks downgraded shares of Dominion Diamond Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 30th. They now have a $13.30 price target on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Dominion Diamond Corp in a research note to investors on Tuesday, December 10th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.27.
Dominion Diamond Corp (NYSE:DDC) last posted its quarterly earnings results on Tuesday, December 10th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.20. The company had revenue of $151.60 million for the quarter, compared to the consensus estimate of $84.82 million. Dominion Diamond Corp’s revenue was up 78.8% compared to the same quarter last year.
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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