Dominion Diamond Corp. (DDC) Sees Unusually-High Trading Volume
Dominion Diamond Corp. (NYSE:DDC) saw unusually-high trading volume on Thursday . Approximately 229,780 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 186,116 shares.The stock last traded at $8.58 and had previously closed at $8.77.
DDC has been the subject of several research reports. BMO Capital Markets reiterated a “buy” rating and issued a $22.00 target price on shares of Dominion Diamond Corp. in a report on Friday, June 10th. Royal Bank Of Canada cut Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $13.00 to $11.00 in a research note on Monday, June 13th. Finally, Zacks Investment Research upgraded Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.94.
The stock’s 50-day moving average is $9.08 and its 200 day moving average is $10.36. The firm’s market cap is $733.03 million.
Dominion Diamond Corp. (NYSE:DDC) last posted its quarterly earnings results on Wednesday, June 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by $0.06. The company earned $178.30 million during the quarter, compared to analysts’ expectations of $199.50 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Dominion Diamond Corp. will post $0.59 earnings per share for the current fiscal year.
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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