Dominion Diamond Corp. (NYSE:DDC) shares were down 2.6% during trading on Tuesday . The stock traded as low as $9.35 and last traded at $9.44, with a volume of 69,397 shares trading hands. The stock had previously closed at $9.69.

Several research analysts recently commented on DDC shares. Zacks Investment Research cut Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. 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 Monday, July 18th. Finally, Royal Bank Of Canada cut Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and reduced 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.61.

The firm’s market capitalization is $808.12 million. The stock’s 50 day moving average price is $9.09 and its 200-day moving average price is $10.45.

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. During the same quarter last year, the company earned $0.09 earnings per share. The firm earned $178.30 million during the quarter, compared to the consensus estimate of $199.50 million. Dominion Diamond Corp.’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts anticipate that Dominion Diamond Corp. will post $0.59 EPS for the current year.

A hedge fund recently raised its stake in Dominion Diamond Corp. stock. Morgan Stanley boosted its position in shares of Dominion Diamond Corp. (NYSE:DDC) by 301.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,238,701 shares of the company’s stock after buying an additional 1,681,369 shares during the period. Morgan Stanley owned about 2.62% of Dominion Diamond Corp. worth $22,902,000 at the end of the most recent 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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