Dominion Diamond (DDC) Receives News Impact Rating of 0.15
News articles about Dominion Diamond (NYSE:DDC) (TSE:DDC) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dominion Diamond earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.2519417156884 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Dominion Diamond (DDC) opened at $14.24 on Friday. Dominion Diamond has a fifty-two week low of $8.29 and a fifty-two week high of $14.26. The stock has a market cap of $1,170.00, a P/E ratio of 29.06 and a beta of 0.44.
Dominion Diamond (NYSE:DDC) (TSE:DDC) last issued its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Dominion Diamond had a return on equity of 10.52% and a net margin of 12.96%. The firm had revenue of $239.78 million during the quarter. equities analysts forecast that Dominion Diamond will post 0.87 earnings per share for the current fiscal year.
Dominion Diamond announced that its board has authorized a stock repurchase plan on Monday, July 17th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
DDC has been the topic of a number of recent research reports. Scotiabank cut shares of Dominion Diamond from a “sector perform” rating to a “tender” rating and set a $14.25 price target on the stock. in a research report on Thursday, September 14th. BMO Capital Markets cut shares of Dominion Diamond from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Dominion Diamond from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada increased their price target on shares of Dominion Diamond from $13.00 to $14.25 and gave the company a “sector perform” rating in a research report on Wednesday, July 19th. Finally, Gabelli cut shares of Dominion Diamond from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Dominion Diamond presently has a consensus rating of “Hold” and an average target price of $15.75.
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Dominion Diamond 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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