Analysts Set Dominion Diamond Corp. (DDC) Target Price at $13.60
Dominion Diamond Corp. (NYSE:DDC) (TSE:DDC) has earned a consensus rating of “Hold” from the seven research firms that are covering the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.60.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. RBC Capital Markets reissued a “sector perform” rating on shares of Dominion Diamond Corp. in a report on Monday, November 21st. BMO Capital Markets set a $18.00 price objective on shares of Dominion Diamond Corp. and gave the stock a “buy” rating in a report on Saturday, November 19th. Scotiabank reissued an “outperform” rating and set a $14.00 price objective on shares of Dominion Diamond Corp. in a report on Sunday, October 23rd. Finally, Barclays PLC raised shares of Dominion Diamond Corp. from an “equal weight” rating to an “overweight” rating and set a $11.40 price objective on the stock in a report on Wednesday, September 21st.
Several institutional investors have recently made changes to their positions in DDC. Stanley Laman Group Ltd. acquired a new position in shares of Dominion Diamond Corp. during the third quarter worth about $111,000. Paloma Partners Management Co acquired a new position in shares of Dominion Diamond Corp. during the second quarter worth about $109,000. Sterling Capital Management LLC acquired a new position in shares of Dominion Diamond Corp. during the second quarter worth about $118,000. Timber Hill LLC acquired a new position in shares of Dominion Diamond Corp. during the second quarter worth about $138,000. Finally, Legal & General Group Plc raised its position in shares of Dominion Diamond Corp. by 103.5% in the second quarter. Legal & General Group Plc now owns 16,848 shares of the company’s stock worth $148,000 after buying an additional 8,568 shares during the period. Institutional investors and hedge funds own 41.70% of the company’s stock.
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Dominion Diamond Corp. (NYSE:DDC) opened at 9.55 on Monday. The company has a 50 day moving average of $8.77 and a 200 day moving average of $9.18. Dominion Diamond Corp. has a 1-year low of $7.27 and a 1-year high of $12.65. The firm’s market capitalization is $810.27 million.
Dominion Diamond Corp. (NYSE:DDC) last issued its earnings results 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. The firm earned $160 million during the quarter, compared to analyst estimates of $196.50 million. Dominion Diamond Corp. had a negative net margin of 9.79% and a negative return on equity of 1.08%. The firm’s revenue was down 23.7% compared to the same quarter last year. During the same period last year, the business earned ($0.21) EPS. Analysts forecast that Dominion Diamond Corp. will post $0.39 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Thursday, November 3rd. Stockholders of record on Tuesday, October 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a dividend yield of 4.77%. Dominion Diamond Corp.’s dividend payout ratio (DPR) is presently -52.63%.
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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