Dominion Diamond Corp. (DDC) Trading 3.1% Higher
Dominion Diamond Corp. (NYSE:DDC) traded up 3.1% during mid-day trading on Monday . The company traded as high as $9.04 and last traded at $9.03, with a volume of 247,008 shares trading hands. The stock had previously closed at $8.76.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $22.00 target price on shares of Dominion Diamond Corp. in a research note on Monday. Zacks Investment Research upgraded Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Royal Bank Of Canada downgraded Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $13.00 to $11.00 in a report on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Diamond Corp. presently has an average rating of “Hold” and a consensus price target of $15.61.
The firm’s 50-day moving average is $9.62 and its 200 day moving average is $10.66. The firm’s market capitalization is $770.58 million.
Dominion Diamond Corp. (NYSE:DDC) last announced its quarterly earnings results on Wednesday, June 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by $0.06. During the same quarter in the prior year, the firm earned $0.09 EPS. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $199.50 million. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts anticipate that Dominion Diamond Corp. will post $0.64 earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Schroder Investment Management Group raised 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 in the last quarter. 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 worth $22,902,000 after buying an additional 1,681,369 shares in the last quarter. 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 worth $4,727,000 after buying an additional 1,800 shares in the last quarter. Finally, 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 worth $3,263,000 after buying an additional 5,000 shares in the last quarter.
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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