Scotiabank Lowers Dominion Diamond Corp (DDC) to Tender

Scotiabank downgraded shares of Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) from a sector perform rating to a tender rating in a research report sent to investors on Thursday morning, StockTargetPrices.com reports. Scotiabank currently has C$17.35 target price on the stock.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada restated a sector perform rating on shares of Dominion Diamond Corp in a research note on Tuesday, June 13th. Paradigm Capital cut Dominion Diamond Corp from a buy rating to a tender rating in a research note on Tuesday, July 18th. Gabelli restated a hold rating on shares of Dominion Diamond Corp in a research note on Tuesday, July 18th. Finally, BMO Capital Markets cut Dominion Diamond Corp from an outperform rating to a market perform rating and set a C$18.00 price objective for the company. in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$17.84.

Dominion Diamond Corp (DDC) opened at 17.23 on Thursday. Dominion Diamond Corp has a 1-year low of $10.47 and a 1-year high of $18.27. The stock’s 50 day moving average price is $17.61 and its 200 day moving average price is $16.64. The company has a market cap of $1.41 billion and a P/E ratio of 24.83.

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About Dominion Diamond Corp

Dominion Diamond Corporation engages in the mining and marketing of rough diamonds. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. The company holds 88.9% ownership interest in the Core zone and 72.0% ownership interest in Buffer zone of Ekati Diamond Mine; and a 40% ownership interest in the Diavik Diamond Mine located at Lac de Gras in Northwest Territories, Canada.

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