Barclays PLC upgraded Dominion Diamond Corp (NYSE:DDC) to Overweight in a report released earlier today.
- Updated: September 25, 2016
Barclays PLC has upgraded Dominion Diamond Corp (NYSE:DDC) to Overweight in a report released on 09/21/2016.
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 stock price is down -7.90% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 436,898 shares of DDC changing hands over the typical 322,503
Recent Performance Chart
Dominion Diamond Corp has with a one year low of $7.27 and a one year high of $12.65 and has a total market value of $0.
In addition to Barclays PLC reporting its stock price target, a total of 8 firms have reported on the stock. The 12-month price target is $15.93 with two equity analysts rating the company a strong buy, four brokerages rating the stock a buy, 1 firm rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis 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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