Dominion Diamond Corp (NYSE:DDC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Dominion Diamond Corp (NYSE:DDC) to Sell in a statement released on Friday September 23, 2016.
Boasting a price of $8.97, Dominion Diamond Corp (NYSE:DDC) traded 3.57% higher on the day. With the last stock price close down -7.90% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Dominion Diamond Corp has recorded a 50-day average of $8.88 and a two hundred day average of $10.09. Volume of trade was up over the average, with 436,898 shares of DDC changing hands over the typical 322,503
With a total market value of $0, Dominion Diamond Corp has with a one year low of $7.27 and a one year high of $12.65 .
A total of 8 equity analysts have released a research note on DDC. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $15.93.
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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