Dominion Diamond Corp (DDC) Price Target Raised to C$18.00
Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) had its price target upped by analysts at Royal Bank Of Canada to C$18.00 in a research report issued on Thursday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 1.69% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Paradigm Capital lowered shares of Dominion Diamond Corp from a “buy” rating to a “tender” rating in a report on Tuesday. Gabelli reissued a “hold” rating on shares of Dominion Diamond Corp in a report on Tuesday. Scotiabank reissued an “outperform” rating and issued a C$19.00 price objective on shares of Dominion Diamond Corp in a report on Tuesday, April 11th. Finally, BMO Capital Markets lowered shares of Dominion Diamond Corp from an “outperform” rating to a “market perform” rating and set a C$18.00 price objective for the company. in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$18.38.
Shares of Dominion Diamond Corp (TSE DDC) traded up 0.17% during trading on Thursday, hitting $17.73. 65,718 shares of the company’s stock were exchanged. The company has a 50-day moving average of $16.88 and a 200-day moving average of $15.36. Dominion Diamond Corp has a 12-month low of $10.47 and a 12-month high of $18.27. The company’s market cap is $1.43 billion.
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About Dominion Diamond Corp
Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.
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