Shares of Dominion Diamond Corp. (NYSE:DDC) saw strong trading volume on Thursday . 229,780 shares were traded 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 a number of research reports. 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. Zacks Investment Research upgraded shares of Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Royal Bank Of Canada lowered shares of 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 report on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.94.

The stock has a 50-day moving average price of $9.08 and a 200-day moving average price of $10.35. The firm’s market cap is $750.09 million.

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 consensus estimate of $0.05 by $0.06. During the same period last year, the firm posted $0.09 EPS. The company earned $178.30 million during the quarter, compared to analysts’ expectations of $199.50 million. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, analysts expect that Dominion Diamond Corp. will post $0.59 EPS for the current 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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