Dominion Diamond Corporation (DDC) Downgraded by Gabelli
Jul 20 2017
DDC has been the topic of several recent analyst reports. RBC Capital Markets maintained it with "Hold" rating and $1300 target in Monday, July 10 report.
04/13/2015 - Dominion Diamond Corporation had its "buy" rating reiterated by analysts at Citigroup.
Shares of Dominion Diamond Corp (NYSE:DDC) now have an Average Brokerage Recommendation of 1, number of Recs in ABR is 2 while industry rank of the company by ABR is 239 out of 265. The firm has "Hold" rating given on Friday, April 28 by RBC Capital Markets. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
Washington Cos. President Lawrence Simkins says Dominion Mines owns the "CanadaMark" trademark, an assurance the diamonds are responsibly mined and unaltered by heat-treating or cavity filling. The company has an average rating of "Hold" and a consensus target price of $14.78. As of the end of the quarter Cwm, LLC had bought 3,374 shares growing its stake by 3.3%. LLC now owns 657,806 shares of the basic materials company's stock worth $8,308,000 after buying an additional 3,862 shares during the period. This repurchase authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Schroder Investment Management Group raised its position in shares of Dominion Diamond Corporation by 17.5% in the first quarter.
Shares of Dominion Diamond Corporation (NYSE:DDC) traded down 0.14% during trading on Wednesday, reaching $14.08. The stock exchanged hands 35.15 Million shares versus average trading capacity of 1.15 Million shares.
The share price of the company (NYSE:DDC) was up +4.38%, with a high of 14.07 during the day and the volume of Dominion Diamond Corporation shares traded was 34856. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NTES's distance from 20 day simple moving average is -2.37% and distance from 50-Day simple moving average is 1.69%.
Wall Street analysts are predicting that Dominion Diamond Corp (NYSE:DDC) will report earnings per share of $0.42 in their quarterly report.
In the latest earnings report the EPS was $-0.08 and is expected to be $0.86 for the current year with 80,574,000 shares now outstanding. The company have shares float of 77.97 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. Finally, Citigroup Inc. cut shares of Dominion Diamond Corporation from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $14.40 to $14.25 in a research report on Wednesday. More interesting news about Dominion Diamond Corp (NYSE:DDC) were released by: Bloomberg.com and their article: "Mining Giant Hunts for Diamonds in the Canadian Forest" published on July 18, 2017 as well as Washingtonpost.com's news article titled: "Dominion Diamond and Impax rise; FedEx and BlackRock fall" with publication date: July 17, 2017. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Dominion Diamond Corp. for a number of months, seems to be bullish on the $1.19 billion market cap company.