Dominion Diamond Corp. (NYSE:DDC) was down 2.8% during trading on Thursday . The stock traded as low as $8.71 and last traded at $8.91, with a volume of 200,799 shares traded. The stock had previously closed at $9.17.

Several equities research analysts recently commented on DDC shares. Zacks Investment Research lowered shares of Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Royal Bank Of Canada lowered shares of Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Monday, June 13th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $22.00 price target on shares of Dominion Diamond Corp. in a research note on Friday, June 10th. Three 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 a consensus rating of “Hold” and an average target price of $15.61.

The firm’s market cap is $765.46 million. The company’s 50-day moving average price is $9.85 and its 200-day moving average price is $10.71.

Dominion Diamond Corp. (NYSE:DDC) last announced its earnings results on Wednesday, June 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.06. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $199.50 million. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. Equities research analysts anticipate that Dominion Diamond Corp. will post $0.66 EPS for the current year.

A number of hedge funds and institutional investors recently bought and sold shares of DDC. Schroder Investment Management Group increased its position in Dominion Diamond Corp. by 24.6% in the fourth quarter. Schroder Investment Management Group now owns 1,009,340 shares of the company’s stock worth $14,272,000 after buying an additional 199,200 shares during the period. Morgan Stanley increased 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 worth $22,902,000 after buying an additional 1,681,369 shares during the period. Gabelli Funds LLC increased 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 worth $4,727,000 after buying an additional 1,800 shares during the period. Gamco Investors INC. ET AL increased 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 worth $3,263,000 after buying an additional 5,000 shares during the period. Finally, OppenheimerFunds Inc. increased 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 worth $4,831,000 after buying an additional 422,700 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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