Shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.75.

DDC has been the subject of a number of research reports. Scotiabank downgraded Dominion Diamond from a “sector perform” rating to a “tender” rating and set a $14.25 price target for the company. in a research report on Thursday, September 14th. BidaskClub downgraded Dominion Diamond from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Canaccord Genuity reissued a “buy” rating and set a $23.00 price target on shares of Dominion Diamond in a research report on Monday, September 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of Dominion Diamond by 7.2% in the second quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock worth $112,000 after buying an additional 594 shares during the period. Aperio Group LLC boosted its position in shares of Dominion Diamond by 6.6% in the second quarter. Aperio Group LLC now owns 20,581 shares of the basic materials company’s stock worth $258,000 after buying an additional 1,268 shares during the period. Toronto Dominion Bank boosted its position in shares of Dominion Diamond by 7.2% in the second quarter. Toronto Dominion Bank now owns 30,921 shares of the basic materials company’s stock worth $390,000 after buying an additional 2,076 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Dominion Diamond by 57.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,927 shares of the basic materials company’s stock worth $113,000 after buying an additional 2,533 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Dominion Diamond by 2.6% in the second quarter. Goldman Sachs Group Inc. now owns 98,472 shares of the basic materials company’s stock worth $1,237,000 after buying an additional 2,534 shares during the period. 60.33% of the stock is owned by institutional investors.

Dominion Diamond (NYSE:DDC) traded down $0.01 during mid-day trading on Monday, reaching $14.24. The company’s stock had a trading volume of 988,200 shares, compared to its average volume of 829,896. Dominion Diamond has a 1 year low of $8.29 and a 1 year high of $14.26. The stock has a market capitalization of $1,170.00, a P/E ratio of 29.06 and a beta of 0.44.

ILLEGAL ACTIVITY NOTICE: “Dominion Diamond Corp (DDC) Receives Average Recommendation of “Hold” from Brokerages” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/12/11/dominion-diamond-corp-ddc-receives-average-recommendation-of-hold-from-brokerages.html.

About Dominion Diamond

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.

Analyst Recommendations for Dominion Diamond (NYSE:DDC)

Receive News & Stock Ratings for Dominion Diamond Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Diamond Corp and related stocks with our FREE daily email newsletter.