Dominion Diamond Corp (DDC) Receives Average Rating of “Hold” from Analysts
Shares of Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$18.38.
Several brokerages recently issued reports on DDC. Royal Bank Of Canada upped their target price on Dominion Diamond Corp to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, July 20th. Gabelli reaffirmed a “hold” rating on shares of Dominion Diamond Corp in a research report on Tuesday, July 18th. Paradigm Capital lowered Dominion Diamond Corp from a “buy” rating to a “tender” rating in a research report on Tuesday, July 18th. BMO Capital Markets lowered 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 report on Tuesday, July 18th. Finally, Scotiabank upped their target price on Dominion Diamond Corp to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, June 1st.
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Shares of Dominion Diamond Corp (TSE DDC) opened at 17.14 on Friday. The company’s market capitalization is $1.38 billion. The company has a 50-day moving average price of $17.68 and a 200 day moving average price of $16.44. Dominion Diamond Corp has a 12-month low of $10.47 and a 12-month high of $18.27.
Dominion Diamond Corp Company Profile
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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