Dominion Diamond Corp (DDC) Lowered to Tender at Scotiabank
Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) was downgraded by research analysts at Scotiabank from a “sector perform” rating to a “tender” rating in a research note issued on Thursday, StockTargetPrices.com reports. They currently have a C$17.35 price target on the stock. Scotiabank’s target price would indicate a potential upside of 0.46% from the company’s current price.
A number of other analysts have also recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Dominion Diamond Corp to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 20th. Gabelli reissued a “hold” rating on shares of Dominion Diamond Corp in a research note on Tuesday, July 18th. Paradigm Capital cut shares of Dominion Diamond Corp from a “buy” rating to a “tender” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets cut 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 research note on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Dominion Diamond Corp currently has an average rating of “Hold” and an average target price of C$17.84.
Shares of Dominion Diamond Corp (TSE DDC) traded down 0.06% on Thursday, reaching $17.27. 55,013 shares of the company’s stock traded hands. The stock has a market cap of $1.41 billion and a price-to-earnings ratio of 24.88. The firm’s 50-day moving average is $17.63 and its 200-day moving average is $16.59. 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 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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