Stock's Buzzers: Dominion Diamond Corp (NYSE:DDC)

Washington Cos. in Buyout Talks With Canada's Dominion Diamond

Washington Cos. in Buyout Talks With Canada's Dominion Diamond

Swiss National Bank owned 0.18% of Dominion Diamond Corporation worth $1,805,000 as of its most recent filing with the SEC.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Finally, Renaissance Technologies LLC increased its position in shares of Dominion Diamond Corporation by 22.4% in the fourth quarter. During the same period past year, the company earned ($0.01) earnings per share.

"Rio Tinto's involvement can not be ruled out, but after exiting a period of asset shedding, management may feel that for a first acquisition to be in diamonds may not be digestible for investors", Sterck said in a client note.

Dominion Diamond Corporation (NYSE DDC) traded up 0.08% on Friday, hitting $12.77.

The counter witnessed a trading volume of 0.24 million shares versus an average volume of 0.6 million shares during last trading session. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $13.65.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 25.89% and has a pretty decent Year to Date (YTD) Performance of 39.26% which means the stock is constantly adding to its value from previous fiscal year end price. (DDC), the third-largest diamond producer in the world by market value, is in advanced discussions with Washington Cos. regarding a sweetened cash takeover bid, Reuters reports. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.04. The company had revenue of $211 million for the quarter. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. Analysts are projecting that the stock will reach $14.85 on a short term (1 year) basis. During the same period in the previous year, the business posted ($0.01) EPS. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of US and worldwide copyright & trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/07/16/dominion-diamond-corporation-ddc-stake-maintained-by-swiss-national-bank-updated-updated.html.

A number of analysts have recently issued reports on DDC shares.

The Target Price for Dominion Diamond Corp (NYSE:DDC) is $15.08/share according to the consensus analysis of analysts working on the stock. Scotiabank boosted their price target on Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an "outperform" rating in a research report on Thursday, June 1st.

The U.S. -listed shares soared as much as 6 percent to $13.60, before edging back to $13.44, or up 5.3 percent, in early afternoon trade in NY. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.70. Dominion Diamond Corporation has an average rating of "Buy" and a consensus price target of $14.78.

Yet another important factor while evaluating a good buy/sell decision for Dominion Diamond Corporation (DDC) is its Earnings per Share or EPS. The company holds an 88.9% ownership interest in the Ekati group of mineral claims, as well as a 65.3% ownership interest in other reserves; and a 40% ownership interest in the Diavik group of mineral claims located at Lac de Gras in Northwest Territories, Canada.

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