After Today’s Huge Decline, Is Dominion Diamond Corp’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Dominion Diamond Corp's Near Term Analysis Negative?

The stock of Dominion Diamond Corp (TSE:DDC) is a huge mover today! About 35,184 shares traded hands. Dominion Diamond Corp (TSE:DDC) has declined 26.25% since April 11, 2016 and is downtrending. It has underperformed by 30.18% the S&P500.
The move comes after 5 months negative chart setup for the $973.70 million company. It was reported on Nov, 15 by Barchart.com. We have $10.88 PT which if reached, will make TSE:DDC worth $48.69 million less.

Dominion Diamond Corp (TSE:DDC) Ratings Coverage

Out of 5 analysts covering Dominion Diamond Corp (TSE:DDC), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $25 is the highest target while $14 is the lowest. The $19 average target is 65.94% above today’s ($11.45) stock price. Dominion Diamond Corp has been the topic of 14 analyst reports since December 10, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $17 target price in Friday, June 3 report. The rating was maintained by RBC Capital Markets on Wednesday, June 1 with “Outperform”. The firm has “Outperform” rating given on Friday, October 21 by Scotia Capital. TD Securities maintained Dominion Diamond Corp (TSE:DDC) on Friday, September 9 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $22 target price in Tuesday, January 19 report. The firm earned “Sector Perform” rating on Thursday, October 20 by RBC Capital Markets. The stock of Dominion Diamond Corp (TSE:DDC) has “Sector Perform” rating given on Friday, September 16 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, December 23 report. The stock of Dominion Diamond Corp (TSE:DDC) earned “Outperform” rating by RBC Capital Markets on Friday, September 9. The company was maintained on Tuesday, February 23 by RBC Capital Markets.

More notable recent Dominion Diamond Corp (TSE:DDC) news were published by: Businesswire.com which released: “Dominion Diamond Corporation Announces Corporate Office Move to Calgary” on November 07, 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 New Directors and New …” published on January 13, 2016 as well as Businesswire.com‘s news article titled: “Dominion Diamond Corporation Director Robert Gannicott Passes Away at the Age …” with publication date: August 03, 2016.

Dominion Diamond Corporation is a diamond mining company. The company has a market cap of $973.70 million. 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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