Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Dominion Diamond Corporation (DDC) Share Price
Headlines about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dominion Diamond Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 47.3431101750116 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Dominion Diamond Corporation (DDC) to Release Earnings on Wednesday (americanbankingnews.com)
- Dominion Diamond Corporation (TSX:DDC) vs. Axon Enterprise, Inc. (NasdaqGS:AAXN): Quant Technicals In The … – Financial News Review (finnewsreview.com)
- Market Update on Shares of Dominion Diamond Corp (DDC) – Danville Daily (danvilledaily.com)
- Exxon Mobil Corporation (XOM) has a value of $76.61 per share While Dominion Diamond Corporation (DDC) is stand … – Stocks Gallery (stocksgallery.com)
- Dominion Diamond Mails Management Information Circular for … – Business Wire (press release) (businesswire.com)
A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Gabelli downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and set a $12.00 target price on shares of Dominion Diamond Corporation in a research note on Wednesday, June 21st. Citigroup Inc. downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $14.40 to $14.25 in a research note on Wednesday, July 19th. Finally, BMO Capital Markets downgraded shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.07.
Shares of Dominion Diamond Corporation (NYSE:DDC) traded down 0.14% on Wednesday, hitting $14.10. 385,355 shares of the stock were exchanged. The company’s market cap is $1.14 billion. The company has a 50-day moving average price of $13.87 and a 200 day moving average price of $12.31. Dominion Diamond Corporation has a 12 month low of $7.92 and a 12 month high of $14.16.
Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its quarterly earnings data on Monday, June 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. The firm had revenue of $211 million for the quarter. During the same quarter last year, the company earned ($0.01) EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that Dominion Diamond Corporation will post $0.93 EPS for the current fiscal year.
Dominion Diamond Corporation declared that its board has initiated a stock buyback plan on Monday, July 17th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Dominion Diamond Corporation 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.
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