Barclays Capital upgraded Dominion Diamond Corp (NYSE:DDC) from Equal-weight to Overweight in a report released today.
- Updated: September 25, 2016
Yesterday Dominion Diamond Corp (NYSE:DDC) traded 3.57% higher at $8.34. The company’s 50-day moving average is $8.88 and its 200-day moving average is $10.09. The last closing price is down -7.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 436,898 shares of the stock traded hands, up from an average trading volume of 322,503
Barclays Capital has upgraded Dominion Diamond Corp (NYSE:DDC) from Equal-weight to Overweight in a report released on Wednesday September 21, 2016.
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Dominion Diamond Corp has a 52 week low of $7.27 and a 52 week high of $12.65 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its stock price target, a total of 8 brokers have issued a report on the company. The average stock price target is $15.93 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Dominion Diamond Corp (NYSE:DDC)
Dominion Diamond Corporation is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company's segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine. It controls the Ekati Diamond Mine, as well as the associated diamond sorting and sales facilities in Toronto and Yellowknife, Canada, Mumbai, India, and Antwerp, Belgium. The Ekati Diamond Mine consists of the Core Zone, which includes the 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, such as the Jay kimberlite pipe and the Lynx kimberlite pipe.
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