Dominion Diamond Corporation (DDC) Closed its Previous Trade at $13.48

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Scotiabank increased their price target on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the company an "outperform" rating in a report on Thursday, June 1st.

The news is somewhat surprising given that Dominion's board previously turned down a $1.1 billion bid from the Washington Companies. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover DDC having a buy-equivalent rating. Sei Investments Co. now owns 16,362 shares of the basic materials company's stock valued at $207,000 after buying an additional 13,763 shares during the last quarter.

US -listed shares of Dominion, which reported a bigger first-quarter loss in June, were up 4 percent in early trading on Monday, while its Toronto-listed shares rose almost 5 percent. Zooming out to the 200-day moving average, shares have been seen trading 25.89% away from that value.


Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its quarterly earnings data on Monday, June 12th. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.04.

Under the terms of the deal, a subsidiary of The Washington Companies will purchase all of Calgary-based Dominion's outstanding common shares for $14.25 USA ($18.03 CDN) a share, the companies announced in a news release Monday. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. Breaking that down further, it has performed 7.07% for the week, 2.12% for the month, 7.32% over the last quarter, 36.85% for the past half-year and 51.46% for this previous year. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. EPS breaks down the profitability of the company on a single share basis. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright law. Dominion Diamond Corporation has a 12 month low of $7.92 and a 12 month high of $13.65. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/15/dominion-diamond-corps-ddc-sector-perform-rating-reiterated-at-royal-bank-of-canada-updated-updated-updated.html. It's expected to close in the fourth quarter. Analysts have placed a $14.85 price target on Dominion Diamond Corporation, suggesting a 10.16% gain from recent close. Jane Street Group LLC bought a new position in Dominion Diamond Corporation during the first quarter valued at $212,000. Market Capitalization if basically the market value of the company's shares outstanding. The company will continue to operate the Ekati Diamond mine, which it controls, as well as the Diavik Diamond mine, in which it has a 40% interest.

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