Dominion Diamond Corp (DDC) Receives Average Rating of “Hold” from Brokerages

Shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.75.

A number of research analysts have recently commented on the stock. Citigroup Inc. cut shares of Dominion Diamond Corp from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.40 to $14.25 in a report on Wednesday, July 19th. BidaskClub lowered shares of Dominion Diamond Corp from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada raised their price objective on shares of Dominion Diamond Corp from $13.00 to $14.25 and gave the company a “sector perform” rating in a report on Wednesday, July 19th. Scotiabank lowered shares of Dominion Diamond Corp from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $14.50 to $14.25 in a report on Thursday, September 7th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $23.00 price objective on shares of Dominion Diamond Corp in a report on Monday, September 25th.

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Dominion Diamond Corp (DDC) traded down $0.01 on Thursday, reaching $14.24. 988,200 shares of the company traded hands, compared to its average volume of 829,896. The company has a market capitalization of $1,170.00, a PE ratio of 29.06 and a beta of 0.44. Dominion Diamond Corp has a 1-year low of $8.29 and a 1-year high of $14.26.

Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) last posted its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $239.78 million during the quarter. Dominion Diamond Corp had a return on equity of 10.52% and a net margin of 12.96%. analysts expect that Dominion Diamond Corp will post 0.87 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. increased its position in Dominion Diamond Corp by 0.6% during the 3rd quarter. K2 Principal Fund L.P. now owns 3,313,017 shares of the basic materials company’s stock valued at $46,979,000 after purchasing an additional 21,284 shares during the period. PSquared Asset Management AG grew its position in shares of Dominion Diamond Corp by 13.0% during the 3rd quarter. PSquared Asset Management AG now owns 3,139,625 shares of the basic materials company’s stock worth $44,520,000 after buying an additional 360,445 shares during the period. Renaissance Technologies LLC grew its position in shares of Dominion Diamond Corp by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,673,198 shares of the basic materials company’s stock worth $33,575,000 after buying an additional 21,800 shares during the period. Vanguard Group Inc. grew its position in shares of Dominion Diamond Corp by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,652,716 shares of the basic materials company’s stock worth $20,758,000 after buying an additional 45,091 shares during the period. Finally, FMR LLC grew its position in shares of Dominion Diamond Corp by 8.5% during the 1st quarter. FMR LLC now owns 1,320,385 shares of the basic materials company’s stock worth $16,701,000 after buying an additional 103,800 shares during the period. 60.33% of the stock is owned by institutional investors and hedge funds.

Dominion Diamond Corp Company Profile

Dominion Diamond Corp 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.

Analyst Recommendations for Dominion Diamond Corp (NYSE:DDC)

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