Shares of Dominion Diamond Corp. (NYSE:DDC) traded down 1.7% during trading on Wednesday . The stock 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.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. BMO Capital Markets restated a “buy” rating and issued a $22.00 target price on shares of Dominion Diamond Corp. in a report on Friday, June 10th. Finally, Royal Bank Of Canada downgraded shares of Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Monday, June 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.61.

The stock’s market cap is $740.71 million. The company’s 50-day moving average is $9.49 and its 200 day moving average is $10.62.

Dominion Diamond Corp. (NYSE:DDC) last released its earnings results 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. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company earned $178.30 million during the quarter, compared to analysts’ expectations of $199.50 million. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts predict that Dominion Diamond Corp. will post $0.64 earnings per share for the current fiscal year.

Other institutional investors recently modified their holdings of the company. Morgan Stanley boosted its position 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 worth $22,902,000 after buying an additional 1,681,369 shares in the last quarter. Schroder Investment Management Group boosted its position 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 worth $14,272,000 after buying an additional 199,200 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of 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 in the last quarter. Gabelli Funds LLC boosted its position 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 worth $4,727,000 after buying an additional 1,800 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position 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 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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