Dominion Diamond Corp (TSE:DDC) Receives Consensus Recommendation of “Buy” from Brokerages
Dominion Diamond Corp (TSE:DDC) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the stock. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$19.20.
Several equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Dominion Diamond Corp in a research note on Monday, September 12th. TD Securities reaffirmed a “buy” rating and issued a C$19.00 price target on shares of Dominion Diamond Corp in a research note on Friday, September 9th. BMO Capital Markets reduced their price target on Dominion Diamond Corp from C$22.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 23rd. Finally, Scotiabank set a C$14.00 price target on Dominion Diamond Corp and gave the stock an “outperform” rating in a research note on Monday, September 12th.
Shares of Dominion Diamond Corp (TSE:DDC) opened at 10.49 on Tuesday. The stock’s 50 day moving average price is $11.63 and its 200 day moving average price is $13.23. The stock’s market capitalization is $890.02 million. Dominion Diamond Corp has a 12 month low of $9.96 and a 12 month high of $16.82.
About Dominion Diamond Corp
Dominion Diamond Corporation 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.
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