Dominion Diamond Corp (NYSE:DDC) Has Just Had Its Target Price Decreased by Professional Analysts at RBC Capital Markets to $15.00

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Analysis: Dominion Diamond Corp (NYSE:DDC) Upside Target Change Today

In a recent report distributed to Clients by RBC Capital Markets on 10 December, the firm, Dominion Diamond Corp (NYSE:DDC), had their target price lowered to $15.00. Analusts at present have a solid Outperform rating on the stock.

From a total of 8 analysts covering Dominion Diamond Corp (NYSE:DDC) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $22 while the lowest target price is $12.24. The mean of all analyst targets is $17.71 with a 109.03% above today’s ($7.97) stock price. Dominion Diamond Corp was the topic of 6 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 19 with “Buy” rating. Zacks upgraded DDC stock in a recent report from August 31 to “Sell” rating.

Approximately 196,122 shares of stock traded hands. Dominion Diamond Corp (NYSE:DDC) has declined 58.56% since May 7, 2015 and is downtrending. It has underperformed by 56.63% the S&P500.

Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The company has a market cap of $682.93 million. The Firm has ownership interests in the Diavik and the Ekati group of mineral claims. It has 45.08 P/E ratio. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines 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.

According to Zacks Investment Research, “Dominion Diamond Corporation is engaged in mining and marketing of rough diamonds. It also undertakes rough diamond sorting and sales operations in Canada, Belgium and India. The company sources diamonds from mines in Canada’s Northwest Territories. Dominion Diamond Corporation, formerly known as Harry Winston Diamond Corporation, is based in Toronto, Canada.” Get a free copy of the Zacks research report on Dominion Diamond Corp (DDC).

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