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

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $18.00 price objective (down from $22.00) on shares of Dominion Diamond Corp. in a research report on Wednesday. Zacks Investment Research raised Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a research 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 objective for the stock from $13.00 to $11.00 in a research report on Monday, June 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Diamond Corp. presently has an average rating of “Hold” and an average target price of $14.94.

The stock’s market capitalization is $788.50 million. The firm’s 50-day moving average is $9.09 and its 200-day moving average is $10.44.

Dominion Diamond Corp. (NYSE:DDC) last posted 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. During the same quarter last year, the business earned $0.09 earnings per share. The business earned $178.30 million during the quarter, compared to the consensus estimate of $199.50 million. The business’s revenue was down 5.0% compared to the same quarter last year. On average, analysts anticipate that Dominion Diamond Corp. will post $0.59 earnings per share for the current year.

A hedge fund recently raised its stake in Dominion Diamond Corp. stock. Morgan Stanley boosted its stake in shares of Dominion Diamond Corp. (NYSE:DDC) by 301.7% during the fourth quarter, according to its most recent 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 approximately 2.62% of Dominion Diamond Corp. worth $22,902,000 as of its most recent SEC filing.

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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