BMO Capital Reiterates Their Buy Rating on Dominion Diamond

By Jason Carr

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Dominion Diamond (TSX: DDC) received a Buy rating from BMO Capital’s analyst Edward Sterck, with a C$20 price target.

According to TipRanks.com, Sterck is a 3-star analyst with an average return of 6.7% and a 50.0% success rate. Sterck covers the Basic Materials sector, focusing on stocks such as Platinum Group Metals, BHP Billiton Ltd, and Dominion Diamond.

Dominion Diamond has an analyst consensus of Moderate Buy, with a price target consensus of C$20.

The company has a one year high of C$18.27 and a one year low of C$10.47. Currently, Dominion Diamond has an average volume of 300.9K.

Dominion Diamond Corp. engages in the mining and marketing of rough diamonds. It operates through three reportable segments: Diavik Diamond Mine, Ekati Diamond Mine and Corporate. The Diavik Diamond Mine segment includes the production, sorting and sale of rough diamonds from the Diavik Diamond Mine. The Corporate segment captures costs not specifically related to operating the Diavik and Ekati mines. The company was founded by David Grenville Thomas on April 19, 1994 and is headquartered in Yellowknife, Canada.

The company’s shares closed last Friday at $17.38, close to its 52-week high of $18.27.