News articles about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dominion Diamond Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.9410843102843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Dominion Diamond Corporation (NYSE DDC) remained flat at $14.17 during mid-day trading on Wednesday. The stock had a trading volume of 906,412 shares. The firm has a market capitalization of $1.16 billion, a P/E ratio of 20.42 and a beta of 0.44. The firm’s 50-day moving average price is $14.16 and its 200 day moving average price is $13.34. Dominion Diamond Corporation has a 12-month low of $8.29 and a 12-month high of $14.23.
Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its quarterly earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The business had revenue of $239.78 million for the quarter. Dominion Diamond Corporation had a net margin of 8.54% and a return on equity of 3.36%. On average, analysts forecast that Dominion Diamond Corporation will post $1.12 earnings per share for the current fiscal year.
Dominion Diamond Corporation declared that its board has authorized a stock repurchase plan on Monday, July 17th that allows the company to buyback outstanding shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
DDC has been the topic of a number of analyst reports. Scotiabank lowered Dominion Diamond Corporation from a “sector perform” rating to a “tender” rating and set a $14.25 price objective on the stock. in a research note on Thursday, September 14th. Royal Bank Of Canada increased their price objective on Dominion Diamond Corporation from $13.00 to $14.25 and gave the company a “sector perform” rating in a research note on Wednesday, July 19th. Citigroup Inc. lowered Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. BMO Capital Markets lowered Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Finally, Gabelli lowered Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dominion Diamond Corporation presently has a consensus rating of “Hold” and an average target price of $15.75.
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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