Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) has been assigned a C$14.00 target price by stock analysts at Scotiabank in a report issued on Monday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 5.98% from the company’s current price.
A number of other brokerages have also commented on DDC. Royal Bank of Canada reiterated a “sector perform” rating on shares of Dominion Diamond Corp in a research report on Monday. TD Securities lowered their price objective on Dominion Diamond Corp from C$19.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, December 13th.
Dominion Diamond Corp (TSE:DDC) traded up 20.06% during mid-day trading on Monday, hitting $15.86. 1,143,844 shares of the stock were exchanged. Dominion Diamond Corp has a 12-month low of $10.47 and a 12-month high of $16.72. The firm has a 50-day moving average price of $12.45 and a 200-day moving average price of $12.27. The stock’s market capitalization is $1.32 billion.
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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.
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