Dominion Diamond Corporation (DDC) Receives Analyst Rating

Dominion Diamond Corporation (DDC) : 1 brokerage houses believe that Dominion Diamond Corporation (DDC) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dominion Diamond Corporation (DDC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Dominion Diamond Corporation (DDC) stock is expected to deviate a maximum of $3.45 from the average target price of $14.1 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $11.


Also, Equity analysts at the Brokerage firm RBC Capital downgrades its rating on Dominion Diamond Corporation (NYSE:DDC). The rating major has initiated the coverage with sector perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 13, 2016.

Dominion Diamond Corporation (NYSE:DDC): The stock was completely flat for the day, closing at $8.10 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $8.11, the stock touched an intraday high of $8.23 and a low of $7.94. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $8.10. The total trading volume on Thursday was 596,530.

Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets, liabilities and expenses of the Diavik Diamond Mine. DDMI is the operator of the Diavik Diamond Mine. The Ekati Diamond Mine consists of the Core Zone, which includes the current operating mine and other permitted kimberlite pipes, as well as the Buffer Zone, an adjacent area hosting kimberlite pipes having both development and exploration potential. The Company owns an 88.9% interest in the Core Zone and a 65.3% interest in the Buffer Zone. The Company controls and consolidates the Ekati Diamond Mine.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.