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Dominion Diamond Corp 40.8% Potential Upside Indicated by RBC Capital Mkts

Dominion Diamond Corp using SYMBOL code NYSE:DDC has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘OUTPERFORM’ this morning 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 21 USD on its stock. This now indicates the analyst believes there is a potential upside of 40.8% from today’s opening price of 14.91 USD. Dominion Diamond Corp NYSE:DDC has a 50 day moving average of 18.81 USD and the 200 Day Moving Average price is recorded at 16.94 USD. The 1 year high for the stock price is 20.3 USD while the 52 week low for the stock is 13.04 USD.

 

Dominion Diamond Corp NYSE:DDC is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets, liabilities and expenses of the Diavik Diamond Mine. DDMI is the operator of the Diavik Diamond Mine. The Ekati Diamond Mine consists of the Core Zone, which includes the current 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. The Company owns an 88.9% interest in the Core Zone and a 65.3% interest in the Buffer Zone. The Company controls and consolidates the Ekati Diamond Mine.