Dominion Diamond Corp. (DDC) Sees Unusually-High Trading Volume
Dominion Diamond Corp. (NYSE:DDC) shares saw an uptick in trading volume on Friday . 335,091 shares changed hands during trading, a decline of 9% from the previous session’s volume of 369,490 shares.The stock last traded at $9.07 and had previously closed at $8.66.
Several research firms have recently weighed in on DDC. Zacks Investment Research raised Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Royal Bank Of Canada cut Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Monday, June 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price objective on shares of Dominion Diamond Corp. in a research report on Friday, June 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.61.
The company’s 50-day moving average is $9.85 and its 200 day moving average is $10.71. The company’s market capitalization is $765.46 million.
Dominion Diamond Corp. (NYSE:DDC) last announced its earnings results on Wednesday, June 8th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The business earned $178.30 million during the quarter, compared to analysts’ expectations of $199.50 million. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts predict that Dominion Diamond Corp. will post $0.66 EPS for the current fiscal year.
Several hedge funds and institutional investors have bought and sold shares of DDC. Neuberger Berman Group LLC raised its position in Dominion Diamond Corp. by 0.5% in the fourth quarter. Neuberger Berman Group LLC now owns 1,589,899 shares of the company’s stock valued at $16,265,000 after buying an additional 8,466 shares during the period. OppenheimerFunds Inc. raised its position in Dominion Diamond Corp. by 845.4% in the fourth quarter. OppenheimerFunds Inc. now owns 472,700 shares of the company’s stock valued at $4,831,000 after buying an additional 422,700 shares during the period. Gamco Investors INC. ET AL raised its position in Dominion Diamond Corp. by 1.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 319,000 shares of the company’s stock valued at $3,263,000 after buying an additional 5,000 shares during the period. Gabelli Funds LLC raised its position in Dominion Diamond Corp. by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 462,041 shares of the company’s stock valued at $4,727,000 after buying an additional 1,800 shares during the period. Finally, Morgan Stanley raised its position in Dominion Diamond Corp. by 301.7% in the fourth quarter. Morgan Stanley now owns 2,238,701 shares of the company’s stock valued at $22,902,000 after buying an additional 1,681,369 shares during the period.
Dominion Diamond Corporation is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It 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.
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