TD Asset Management Inc. Purchases 1,206,790 Shares of Dominion Diamond Corp. (DDC)
TD Asset Management Inc. boosted its position in Dominion Diamond Corp. (NYSE:DDC) (TSE:DDC) by 56.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,350,859 shares of the company’s stock after buying an additional 1,206,790 shares during the period. TD Asset Management Inc. owned about 3.95% of Dominion Diamond Corp. worth $32,897,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Geneva Advisors LLC increased its stake in Dominion Diamond Corp. by 2.4% in the second quarter. Geneva Advisors LLC now owns 55,160 shares of the company’s stock worth $488,000 after buying an additional 1,290 shares during the last quarter. Boston Partners increased its stake in Dominion Diamond Corp. by 46.2% in the second quarter. Boston Partners now owns 267,996 shares of the company’s stock worth $2,369,000 after buying an additional 84,703 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Dominion Diamond Corp. by 45.9% in the second quarter. Neuberger Berman Group LLC now owns 2,108,972 shares of the company’s stock worth $18,643,000 after buying an additional 662,988 shares during the last quarter. Timber Hill LLC purchased a new stake in Dominion Diamond Corp. during the second quarter worth $138,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Dominion Diamond Corp. by 51.2% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,080,180 shares of the company’s stock worth $12,346,000 after buying an additional 365,980 shares during the last quarter. Institutional investors own 41.70% of the company’s stock.
Dominion Diamond Corp. (NYSE:DDC) traded up 0.5887% during midday trading on Tuesday, reaching $9.4151. The company had a trading volume of 23,713 shares. Dominion Diamond Corp. has a 12-month low of $7.27 and a 12-month high of $12.65. The stock has a 50-day moving average price of $8.76 and a 200 day moving average price of $9.19. The company’s market capitalization is $798.82 million.
Dominion Diamond Corp. (NYSE:DDC) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.33. Dominion Diamond Corp. had a negative net margin of 9.79% and a negative return on equity of 1.08%. The firm had revenue of $160 million for the quarter, compared to analyst estimates of $196.50 million. During the same period last year, the business earned ($0.21) EPS. The company’s revenue was down 23.7% compared to the same quarter last year. Equities analysts forecast that Dominion Diamond Corp. will post $0.39 EPS for the current year.
The company also recently disclosed a semiannual dividend, which was paid on Thursday, November 3rd. Investors of record on Tuesday, October 11th were issued a dividend of $0.20 per share. This represents a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, October 6th. Dominion Diamond Corp.’s dividend payout ratio (DPR) is -52.63%.
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A number of equities research analysts have recently weighed in on the company. RBC Capital Markets restated a “sector perform” rating on shares of Dominion Diamond Corp. in a research report on Friday, September 30th. Zacks Investment Research downgraded Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $18.00 price objective (down previously from $22.00) on shares of Dominion Diamond Corp. in a report on Wednesday, August 24th. Scotiabank reiterated an “outperform” rating and issued a $14.00 price objective on shares of Dominion Diamond Corp. in a report on Sunday, October 23rd. Finally, Barclays PLC upgraded Dominion Diamond Corp. from an “equal weight” rating to an “overweight” rating and set a $11.40 price objective for the company in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Dominion Diamond Corp. presently has a consensus rating of “Hold” and an average price target of $13.60.
Dominion Diamond Corp. Company Profile
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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