Dominion Diamond Corp (DDC) Given Consensus Rating of “Hold” by Analysts
Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$17.84.
DDC has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Dominion Diamond Corp to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, July 20th. Paradigm Capital downgraded shares of Dominion Diamond Corp from a “buy” rating to a “tender” rating in a report on Tuesday, July 18th. Gabelli restated a “hold” rating on shares of Dominion Diamond Corp in a report on Tuesday, July 18th. BMO Capital Markets downgraded shares of Dominion Diamond Corp from an “outperform” rating to a “market perform” rating and set a C$18.00 target price for the company. in a report on Tuesday, July 18th. Finally, Scotiabank downgraded shares of Dominion Diamond Corp from a “sector perform” rating to a “tender” rating and set a C$17.35 target price for the company. in a report on Thursday, September 14th.
Dominion Diamond Corp (TSE:DDC) opened at 18.16 on Friday. The stock has a 50 day moving average of $17.59 and a 200 day moving average of $17.33. Dominion Diamond Corp has a one year low of $11.07 and a one year high of $18.31. The firm has a market capitalization of $1.49 billion and a price-to-earnings ratio of 26.17.
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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