Dominion Diamond Corp. (NYSE:DDC) shares traded up 3.8% during trading on Friday . The stock traded as high as $9.73 and last traded at $9.50, with a volume of 124,768 shares changing hands. The stock had previously closed at $9.15.

Several research analysts have recently commented on the stock. Royal Bank Of Canada lowered shares of Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $13.00 to $11.00 in a report on Monday, June 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $22.00 price target on shares of Dominion Diamond Corp. in a report on Friday, June 10th. Finally, Zacks Investment Research raised shares of Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.61.

The stock’s 50-day moving average price is $9.07 and its 200-day moving average price is $10.47. The stock’s market capitalization is $823.48 million.

Dominion Diamond Corp. (NYSE:DDC) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities research analysts predict that Dominion Diamond Corp. will post $0.59 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Dominion Diamond Corp. stock. Morgan Stanley boosted its stake in Dominion Diamond Corp. (NYSE:DDC) by 301.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 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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