Analysis: Dominion Diamond Corp (TSE:DDC) Target Raised Today
In recent note revealed to investors and clients by RBC Capital Markets on Thursday morning, the firm, Dominion Diamond Corp (TSE:DDC), had their target price per share downgraded to $20.35. Analusts now have a solid “Outperform” rating on the stock.
Approximately 79,146 shares of stock traded hands. Dominion Diamond Corp (TSE:DDC) has declined 53.75% since May 7, 2015 and is downtrending. It has underperformed by 51.81% 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 $924.06 million. The Firm has ownership interests in the Diavik and the Ekati group of mineral claims. It has 45.17 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).