Dominion Diamond Corp (DDC) Downgraded by Paradigm Capital to Tender

20 July, 2017, 00:48 | Author: Celia Hoffman
  • Dominion Diamond Corporation

The stock of Dominion Diamond Corp (NYSE:DDC) earned "Outperform" rating by RBC Capital Markets on Monday, September 14.

The Stock had a 1.67 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.5 and 1.5 respectively.

DDC has been the topic of several recent analyst reports.

Dominion Diamond Corp (NYSE:DDC) shares traded on 4.38% above secure line and closed at $14.07. This was a decrease from the last Buy rating. The stock closing price is now trading upward to its 50 day moving average with change of 9.90%, escalated to its 20 day moving average with figure of 10.77% and above its 200 day moving average with value 31.13%. BMO Capital Markets cut shares of Dominion Diamond Corp from an outperform rating to a market perform rating and set a C$18.00 target price on the stock.in a research note on Tuesday. Finally, Scotiabank upped their price objective on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an "outperform" rating in a report on Thursday, June 1st. The stock has "Hold" rating by RBC Capital Markets on Friday, April 28. The company now has an average rating of "Hold" and an average price target of $15.07. The stock has "Overweight" rating by Barclays Capital on Wednesday, September 21.

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About 1.57M shares traded. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Company chares are trading at $14.10 a tad above the 50 day moving average of $12.84 and which is marginally higher than the 200 day moving average of $11.55. October 19 investment analysts at Citigroup held the stock rating at "Buy" but lowered the price target to $16.13 from $18.63.

Dominion Diamond Corporation (DDC) has the market capitalization of $1.18 Billion. It now has negative earnings. The company had revenue of $211 million for the quarter. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. Dominion Diamond Corporation's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, equities analysts expect that Dominion Diamond Corporation will post $0.86 EPS for the current year.

Dominion Diamond Corporation announced that its Board of Directors has authorized a share buyback plan on Monday, July 17th that permits the company to repurchase shares. Dimensional Fund Advisors LP now owns 336,581 shares of the basic materials company's stock worth $3,258,000 after buying an additional 5,837 shares during the period. Earnings surprises can have a huge impact on a company's stock price. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and global trademark & copyright laws. They now have a United States dollars 20.89 price target on the stock. Accern also assigned news articles about the basic materials company an impact score of 44.9714141540875 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Jane Street Group LLC purchased a new stake in Dominion Diamond Corporation during the first quarter valued at about $212,000. Finally, Fox Run Management L.L.C. boosted its stake in Dominion Diamond Corporation by 55.6% in the second quarter. Dominion Diamond Corp (NYSE:DDC)'s price to free cash flow for trailing twelve months is 0.

"Dominion Diamond has an excellent collection of mining assets and a talented and experienced management team and workforce", stated Lawrence R. Simkins, President of Washington.

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