Dominion Diamond Corp (DDC) Given Consensus Recommendation of “Hold” by Analysts
Shares of Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$18.38.
A number of research firms recently weighed in on DDC. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Dominion Diamond Corp in a report on Tuesday, June 13th. Scotiabank raised their target price on shares of Dominion Diamond Corp to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, June 1st. BMO Capital Markets cut shares of Dominion Diamond Corp from an “outperform” rating to a “market perform” rating and set a C$18.00 target price on the stock. in a research note on Tuesday, July 18th. Gabelli reissued a “hold” rating on shares of Dominion Diamond Corp in a research note on Tuesday, July 18th. Finally, Paradigm Capital cut shares of Dominion Diamond Corp from a “buy” rating to a “tender” rating in a research note on Tuesday, July 18th.
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Dominion Diamond Corp (TSE:DDC) opened at 17.85 on Monday. The firm’s market capitalization is $1.44 billion. The stock’s 50 day moving average is $17.14 and its 200-day moving average is $15.87. Dominion Diamond Corp has a 52 week low of $10.47 and a 52 week high of $18.27.
Dominion Diamond Corp Company Profile
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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