Dominion Diamond Corp (DDC) Receives C$18.50 Consensus Target Price from Analysts

Shares of Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) have received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$18.38.

Several research firms have recently issued reports on DDC. Gabelli restated a “hold” rating on shares of Dominion Diamond Corp in a research report on Tuesday, July 18th. 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 research report on Thursday. 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 price target on the stock. in a research report on Tuesday, July 18th. Finally, Scotiabank set a C$18.65 target price on Dominion Diamond Corp and gave the stock an “outperform” rating in a report on Monday, April 3rd.

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Shares of Dominion Diamond Corp (TSE:DDC) traded down 0.51% during midday trading on Thursday, hitting $17.65. The stock had a trading volume of 76,775 shares. The firm’s 50-day moving average price is $16.89 and its 200-day moving average price is $15.38. The firm’s market capitalization is $1.42 billion. Dominion Diamond Corp has a one year low of $10.47 and a one year high of $18.27.

About Dominion Diamond Corp

Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.