Dominion Diamond Corp (DDC) Rating Lowered to Market Perform at BMO Capital Markets

Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, July 18th. They presently have a C$18.00 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 0.73% from the stock’s previous close.

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A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Dominion Diamond Corp in a report on Tuesday, June 13th. Scotiabank upped their price objective on shares of Dominion Diamond Corp to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, June 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$18.38.

Shares of Dominion Diamond Corp (DDC) opened at 17.87 on Tuesday. The firm’s market capitalization is $1.44 billion. The firm has a 50-day moving average of $16.95 and a 200 day moving average of $15.67. Dominion Diamond Corp has a 12-month low of $10.47 and a 12-month high of $18.27.

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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.