A Reversal for Dominion Diamond Corp Is Not Near. The Stock Declines Again

 A Reversal for Dominion Diamond Corp Is Not Near. The Stock Declines Again

The stock of Dominion Diamond Corp (TSE:DDC) is a huge mover today! About 73,276 shares traded hands. Dominion Diamond Corp (TSE:DDC) has declined 24.18% since March 14, 2016 and is downtrending. It has underperformed by 29.72% the S&P500.
The move comes after 9 months negative chart setup for the $1.03B company. It was reported on Oct, 19 by Barchart.com. We have $11.31 PT which if reached, will make TSE:DDC worth $51.50M less.

Dominion Diamond Corp (TSE:DDC) Ratings Coverage

Out of 4 analysts covering Dominion Diamond Corp (TSE:DDC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Dominion Diamond Corp has been the topic of 12 analyst reports since December 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 23. The firm earned “Buy” rating on Friday, September 9 by TD Securities. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, February 23 report. The stock of Dominion Diamond Corp (TSE:DDC) has “Outperform” rating given on Friday, June 3 by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, January 19 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 9. The stock of Dominion Diamond Corp (TSE:DDC) has “Outperform” rating given on Wednesday, June 1 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, September 16 with “Sector Perform”.

More notable recent Dominion Diamond Corp (TSE:DDC) news were published by: Seekingalpha.com which released: “Dominion Diamond Is The Cheapest Diamond On The Market Offering 76% Upside” on October 18, 2016, also Businesswire.com with their article: “Dominion Diamond Corporation Reports Fiscal 2017 Second Quarter Results” published on September 08, 2016, Bloomberg.com published: “Dominion Diamond to Explore Sale as Shareholders Revolt” on December 22, 2015. More interesting news about Dominion Diamond Corp (TSE:DDC) were released by: Businesswire.com and their article: “Dominion Diamond Corporation Announces Appointment of Two New Directors” published on August 16, 2016 as well as Businesswire.com‘s news article titled: “Dominion Diamond Corporation Files Updated Technical Report for the Ekati …” with publication date: September 15, 2016.

Dominion Diamond Corporation is a diamond mining company. The company has a market cap of $1.03 billion. The Firm is focused on the mining and marketing of rough diamonds to the global market. It currently has negative earnings. The Company’s divisions include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment.

DDC.TO Company Profile

Dominion Diamond Corporation, incorporated on March 26, 2013, is a diamond mining firm with ownership interests in approximately two producing diamond mines. The Firm is focused on the mining and marketing of rough diamonds to the global market. The Company’s divisions include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. The Firm 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. Both mineral properties are located at Lac de Gras in Canada’s Northwest Territories.

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