Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by $0.03, Morningstar.com reports. 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 $239.78 million for the quarter.

Shares of Dominion Diamond Corporation (NYSE DDC) traded up 0.21% during mid-day trading on Thursday, hitting $14.15. 424,734 shares of the company traded hands. The stock’s market capitalization is $1.14 billion. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $14.17. The firm’s 50 day moving average price is $14.10 and its 200-day moving average price is $12.53.

Dominion Diamond Corporation announced that its Board of Directors has authorized a stock repurchase program on Monday, July 17th that allows the company to repurchase outstanding shares. This repurchase authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.40 to $14.25 in a research report on Wednesday, July 19th. Gabelli downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada boosted their price objective on shares of Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research report 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 report on Tuesday, July 18th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.07.

A number of large investors have recently bought and sold shares of DDC. PSquared Asset Management AG bought a new stake in Dominion Diamond Corporation during the second quarter worth about $34,907,000. Marshall Wace LLP bought a new stake in Dominion Diamond Corporation during the second quarter worth about $9,804,000. K2 Principal Fund L.P. boosted its stake in Dominion Diamond Corporation by 27.2% during the second quarter. K2 Principal Fund L.P. now owns 3,291,733 shares of the basic materials company’s stock worth $41,344,000 after acquiring an additional 703,183 shares in the last quarter. GLG Partners LP boosted its stake in Dominion Diamond Corporation by 160.8% during the second quarter. GLG Partners LP now owns 992,918 shares of the basic materials company’s stock worth $12,474,000 after acquiring an additional 612,225 shares in the last quarter. Finally, Pentwater Capital Management LP bought a new stake in Dominion Diamond Corporation during the second quarter worth about $5,469,000. 59.38% of the stock is currently owned by institutional investors and hedge funds.

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About Dominion Diamond Corporation

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.

Earnings History for Dominion Diamond Corporation (NYSE:DDC)

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