Dominion Diamond Corp (DDC) Receives “Outperform” Rating from Scotiabank

Dominion Diamond Corp (TSE:DDC) (NYSE:DDC)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a report issued on Monday. They presently have a C$14.00 price objective on the stock. Scotiabank’s price objective indicates a potential upside of 5.98% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Dominion Diamond Corp in a research report on Monday. TD Securities set a C$18.00 target price on shares of Dominion Diamond Corp and gave the stock a “buy” rating in a research report on Friday, February 24th.

Shares of Dominion Diamond Corp (TSE:DDC) traded up 21.73% during midday trading on Monday, reaching $16.08. 1,265,380 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $12.45 and a 200 day moving average price of $12.27. The firm’s market cap is $1.34 billion. Dominion Diamond Corp has a 12 month low of $10.47 and a 12 month high of $16.72.

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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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