RBC Capital Markets reaffirmed their sector perform rating on shares of Dominion Diamond Corp. (NYSE:DDC) in a research note issued to investors on Friday morning.

Analyst Recommendations for Dominion Diamond Corp. (NYSE:DDC)

Several other equities analysts also recently weighed in on DDC. Royal Bank Of Canada downgraded shares of Dominion Diamond Corp. from an outperform rating to a sector perform rating and decreased their price target for the stock from $13.00 to $11.00 in a research note on Monday, June 13th. Zacks Investment Research raised shares of Dominion Diamond Corp. from a sell rating to a hold rating in a research note on Tuesday, June 14th. BMO Capital Markets reissued an outperform rating and issued a $18.00 price target (down from $22.00) on shares of Dominion Diamond Corp. in a research note on Wednesday, August 24th. Finally, TheStreet downgraded shares of Dominion Diamond Corp. from a hold rating to a sell rating in a research note on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $14.78.

Dominion Diamond Corp. (NYSE:DDC) opened at 8.34 on Friday. The company’s market capitalization is $707.61 million. Dominion Diamond Corp. has a 52 week low of $7.27 and a 52 week high of $12.65. The firm has a 50-day moving average of $8.89 and a 200-day moving average of $10.13.

Dominion Diamond Corp. (NYSE:DDC) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.33. The business earned $160 million during the quarter, compared to analysts’ expectations of $196.50 million. Dominion Diamond Corp. had a negative return on equity of 1.08% and a negative net margin of 9.79%. The business’s quarterly revenue was down 23.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. Analysts anticipate that Dominion Diamond Corp. will post $0.18 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, November 3rd. Shareholders of record on Tuesday, October 11th will be paid a dividend of $0.20 per share. This represents a yield of 4.77%. The ex-dividend date of this dividend is Thursday, October 6th. Dominion Diamond Corp.’s dividend payout ratio (DPR) is presently -52.63%.

A number of institutional investors have recently modified their holdings of the company. Palo Capital Inc. increased its position in shares of Dominion Diamond Corp. by 117.3% in the second quarter. Palo Capital Inc. now owns 35,654 shares of the company’s stock worth $316,000 after buying an additional 19,247 shares during the period. Royal Bank of Canada boosted its stake in shares of Dominion Diamond Corp. by 230.2% in the first quarter. Royal Bank of Canada now owns 3,506,753 shares of the company’s stock worth $38,890,000 after buying an additional 2,444,671 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Dominion Diamond Corp. during the first quarter worth $131,000. Renaissance Technologies LLC boosted its stake in shares of Dominion Diamond Corp. by 8.4% in the first quarter. Renaissance Technologies LLC now owns 2,084,398 shares of the company’s stock worth $23,117,000 after buying an additional 161,900 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Dominion Diamond Corp. by 192.9% in the first quarter. Geode Capital Management LLC now owns 47,280 shares of the company’s stock worth $524,000 after buying an additional 31,138 shares in the last quarter. 38.00% of the stock is currently owned by institutional investors.

Dominion Diamond Corp. Company Profile

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.

5 Day Chart for NYSE:DDC

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