The stock of Dominion Diamond Corp (TSE:DDC) gapped up by $0.01 today and has $18.00 target or 55.00% above today’s $11.61 share price. The 9 months technical chart setup indicates low risk for the $994.20 million company. The gap was reported on Nov, 17 by Barchart.com. If the $18.00 price target is reached, the company will be worth $546.81 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 164,699 shares traded hands. Dominion Diamond Corp (TSE:DDC) has declined 23.07% since April 13, 2016 and is downtrending. It has underperformed by 27.69% the S&P500.
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 63.65% above today’s ($11.61) stock price. Dominion Diamond Corp has been the topic of 14 analyst reports since December 10, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, January 19 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, June 1 with “Outperform”. TD Securities maintained the stock with “Buy” rating in Friday, September 9 report. The firm has “Outperform” rating given on Friday, June 3 by RBC Capital Markets. The firm has “Sector Perform” rating given on Friday, September 16 by RBC Capital Markets. RBC Capital Markets maintained Dominion Diamond Corp (TSE:DDC) on Wednesday, December 23 with “Outperform” rating. The firm has “Sector Perform” rating given on Thursday, October 20 by RBC Capital Markets. The company was maintained on Friday, October 21 by Scotia Capital. The stock of Dominion Diamond Corp (TSE:DDC) has “Outperform” rating given on Friday, September 9 by RBC Capital Markets. On Tuesday, February 23 the stock rating was maintained by RBC Capital Markets with “Outperform”.
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 $994.20 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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