Dominion Diamond Corp. (NYSE:DDC)’s share price fell 1.7% during trading on Wednesday . The company traded as low as $8.59 and last traded at $8.81, with a volume of 90,536 shares. The stock had previously closed at $8.96.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price target on shares of Dominion Diamond Corp. in a research report on Friday, June 10th. Finally, Royal Bank Of Canada downgraded Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Monday, June 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.61.

The company’s market cap is $742.41 million. The firm’s 50 day moving average price is $9.55 and its 200 day moving average price is $10.64.

Dominion Diamond Corp. (NYSE:DDC) last issued its earnings results on Wednesday, June 8th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities research analysts predict that Dominion Diamond Corp. will post $0.64 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of 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 valued at $3,025,000 after buying an additional 3,997 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of 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 valued at $14,272,000 after buying an additional 199,200 shares during the last quarter. Morgan Stanley increased its stake in shares of 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 last quarter. Gabelli Funds LLC increased its stake in shares of 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 last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of 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 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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