Dominion Diamond Corp (DDC) Given Average Rating of “Hold” by Brokerages
Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$17.84.
A number of research analysts have weighed in on DDC shares. Scotiabank cut shares of Dominion Diamond Corp from a “sector perform” rating to a “tender” rating and set a C$17.35 target price on the stock. in a research note on Thursday, September 14th. Royal Bank Of Canada raised their price target on Dominion Diamond Corp to C$18.00 and gave the stock a “sector perform” rating in a report on Thursday, July 20th. Gabelli reaffirmed a “hold” rating on shares of Dominion Diamond Corp in a report 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 lowered shares of Dominion Diamond Corp from an “outperform” rating to a “market perform” rating and set a C$18.00 price target for the company. in a research report on Tuesday, July 18th.
Shares of Dominion Diamond Corp (TSE DDC) opened at 17.80 on Tuesday. The firm has a 50-day moving average price of $17.55 and a 200 day moving average price of $17.20. The company has a market cap of $1.46 billion and a price-to-earnings ratio of 25.65. Dominion Diamond Corp has a 1-year low of $11.07 and a 1-year 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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