Dominion Diamond Corp (DDC) Downgraded by Scotiabank to Sector Perform
Scotiabank cut shares of Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) from an outperform rating to a sector perform rating in a research note issued to investors on Friday, StockTargetPrices.com reports. Scotiabank currently has C$17.50 target price on the stock.
A number of other research analysts have also recently issued reports on the company. Royal Bank Of Canada lifted their price target on Dominion Diamond Corp to C$18.00 and gave the company a sector perform rating in a report on Thursday, July 20th. Gabelli reissued a hold rating on shares of Dominion Diamond Corp in a report on Tuesday, July 18th. Paradigm Capital cut Dominion Diamond Corp from a buy rating to a tender rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets cut Dominion Diamond Corp from an outperform rating to a market perform rating and set a C$18.00 price objective for the company. in a report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$17.88.
Dominion Diamond Corp (TSE DDC) opened at 17.15 on Friday. Dominion Diamond Corp has a 1-year low of $10.47 and a 1-year high of $18.27. The firm’s market cap is $1.38 billion. The firm’s 50-day moving average is $17.67 and its 200 day moving average is $16.54.
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About Dominion Diamond Corp
Dominion Diamond Corporation engages in the mining and marketing of rough diamonds. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. The company holds 88.9% ownership interest in the Core zone and 72.0% ownership interest in Buffer zone of Ekati Diamond Mine; and a 40% ownership interest in the Diavik Diamond Mine located at Lac de Gras in Northwest Territories, Canada.
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