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Dominion Diamond Corp 18.9% Potential Upside Indicated by RBC Capital Mkts

Dominion Diamond Corp using SYMBOL code NYSE:DDC had its stock rating noted as ‘Downgraded’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Mkts. Dominion Diamond Corp are listed in the Basic Industries sector within NYSE. RBC Capital Mkts have set a target price of 23 USD on its stock. This indicates the analyst believes there is a potential upside of 18.9% from today’s opening price of 19.35 USD. Dominion Diamond Corp NYSE:DDC has a 50 day moving average of 18.86 USD and a 200 day moving average of 16.65 USD. The 52 week high for the share price is currently at 20.3 USD while the 52 week low for the share price is 12.87 USD.

 

Dominion Diamond Corp NYSE:DDC formerly Harry Winston Diamond Corporation, is a Canadian diamond mining company. The Company operates through two segments: the Ekati Diamond Mine segment and Diavik Diamond Mine segment. The Company owns an 88.9% controlling interest, as well as a 65.3% in the surrounding areas containing additional resources in the Ekati Diamond Mine. The Ekati Diamond Mine’s production includes ore sourced primarily from the Fox open pit, supplemented by underground production from the lower portion of the Koala and Koala North kimberlite pipes. The Diavik Diamond Mine supplies rough diamonds to the global market through its sorting and selling operations in Canada, Belgium and India. Diavik Diamond Mine is located in Canada’s remote wilderness on a 20-square kilometer island, at Lac de Gras, Northwest Territories, approximately 300 kilometers from Yellowknife, the territorial capital, and 220 kilometers south of the Arctic Circle.