Dominion Diamond Corp. (NYSE:DDC) shares saw strong trading volume on Friday . 335,091 shares were traded 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 equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Royal Bank Of Canada cut shares of Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $13.00 to $11.00 in a research report 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 report on Friday, June 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.61.

The stock’s market capitalization is $765.46 million. The stock’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 quarterly earnings data on Wednesday, June 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $199.50 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts forecast that Dominion Diamond Corp. will post $0.64 EPS for the current year.

A number of large investors have recently made changes to their positions in DDC. Dimensional Fund Advisors LP increased its stake in shares of Dominion Diamond Corp. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 295,710 shares of the company’s stock worth $3,025,000 after buying an additional 3,997 shares during the last quarter. Gamco Investors INC. ET AL boosted 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. Gabelli Funds LLC boosted 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. OppenheimerFunds Inc. boosted 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. Finally, Schroder Investment Management Group boosted 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.

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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