Dominion Diamond Corp (DDC) Downgraded to “Sector Perform” at Scotiabank
Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, StockTargetPrices.com reports. They currently have a C$17.50 target price on the stock. Scotiabank’s target price suggests a potential upside of 1.63% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada lifted their price objective on Dominion Diamond Corp to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, July 20th. Gabelli reaffirmed a “hold” rating on shares of Dominion Diamond Corp in a research note on Tuesday, July 18th. Paradigm Capital cut Dominion Diamond Corp from a “buy” rating to a “tender” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets cut 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 research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dominion Diamond Corp presently has a consensus rating of “Hold” and a consensus price target of C$17.88.
Dominion Diamond Corp (TSE DDC) traded up 0.47% during mid-day trading on Friday, reaching $17.22. The company’s stock had a trading volume of 152,287 shares. The company’s market cap is $1.39 billion. The firm’s 50 day moving average is $17.68 and its 200-day moving average is $16.44. Dominion Diamond Corp has a 12-month low of $10.47 and a 12-month high of $18.27.
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About Dominion Diamond Corp
Dominion Diamond Corporation engages in the mining and marketing of rough diamonds. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. The company holds 88.9% ownership interest in the Core zone and 72.0% ownership interest in Buffer zone of Ekati Diamond Mine; and a 40% ownership interest in the Diavik Diamond Mine located at Lac de Gras in Northwest Territories, Canada.
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