Dominion Diamond Corp. (NYSE:DDC) shares dropped 3.3% on Friday . The company traded as low as $8.67 and last traded at $8.69, with a volume of 132,215 shares changing hands. The stock had previously closed at $8.99.

DDC has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $22.00 price target on shares of Dominion Diamond Corp. in a research report on Friday, June 10th. Zacks Investment Research raised shares of Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, Royal Bank Of Canada lowered shares of Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $13.00 to $11.00 in a research report on Monday, June 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Diamond Corp. has a consensus rating of “Hold” and a consensus price target of $15.61.

The company’s market cap is $755.21 million. The company has a 50 day moving average of $9.06 and a 200 day moving average of $10.55.

Dominion Diamond Corp. (NYSE:DDC) last issued its quarterly earnings data on Wednesday, June 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.06. The business 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 quarter in the prior year, the firm posted $0.09 earnings per share. On average, equities research analysts forecast that Dominion Diamond Corp. will post $0.64 EPS for the current year.

Other hedge funds have added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake 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 increased its stake 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 increased its stake 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. Finally, OppenheimerFunds Inc. increased its stake 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 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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