Analysis: Dominion Diamond Corp (TSE:DDC) Stock Target Has Just Been Increased Today
In a very recent research note issued to clients and investors by Paradigm Research on Tuesday, 15 December, the firm, Dominion Diamond Corp (TSE:DDC), had their target lowered to $25.00. Analusts at present have a solid Buy rating on the stock.
Approximately 300,469 shares of stock traded hands or 78.40% up from the average. Dominion Diamond Corp (TSE:DDC) has declined 56.12% since May 12, 2015 and is downtrending. It has underperformed by 52.44% 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 $894.19 million. The Firm has ownership interests in the Diavik and the Ekati group of mineral claims. It currently has negative earnings. 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.”