Are Hedge Funds Betting Against Dominion Diamond Corporation (DDC)?

The transaction is a result of Dominion's review of strategic alternatives previously announced in March 2017

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

Other equities research analysts have also recently issued research reports about the stock. Gabelli initiated coverage on Dominion Diamond Corporation in a research report on Monday, April 3rd. Citigroup maintained Dominion Diamond Corp (NYSE:DDC) rating on Monday, October 19.

Wall Street analysts are predicting that Dominion Diamond Corp (NYSE:DDC) will report earnings per share of $0.42 in their quarterly report. Finally, Royal Bank Of Canada reaffirmed a sector perform rating on shares of Dominion Diamond Corp in a report on Tuesday, June 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.

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.

Shares of Dominion Diamond Corporation (DDC) opened at 14.10 on Wednesday. FMR LLC now owns 1,320,385 shares of the basic materials company's stock worth $16,701,000 after buying an additional 103,800 shares during the last quarter. Dominion Diamond Corporation has a 52-week low of $7.92 and a 52-week high of $14.14. The company was maintained on Monday, November 2 by RBC Capital Markets. The stock's 50-day moving average is $12.84 and its 200-day moving average is $11.55.

Shares of Dominion Diamond Corp (TSE:DDC) traded down 0.34% on Tuesday, reaching $17.79. Total debt to equity ratio of the company for most recent quarter is 0.01 whereas long term debt to equity ratio for most recent quarter is 0. Company fiscal year is ending in February and analysts' consensus recommendation is Outperform for RHT and estimated EPS for next quarter is $0.70. During the same quarter previous year, the business earned ($0.01) EPS.

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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.

Having a peek at growth estimates of the company, Dominion Diamond Corp (NYSE:DDC) has current quarter growth estimates of 261.5% however it has 666.7% estimations over growth for the next quarter.

In the market the company is trading unchanged from yesterday's close of $14.1. Shares buyback programs are often an indication that the company's management believes its shares are undervalued. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of USA & worldwide copyright and trademark laws. The correct version of this news story can be accessed at Scheer Rowlett & Associates Investment Management Ltd bought 367,465 shares as the company's stock rose 28.76% with the market. Sei Investments Co. increased its stake in Dominion Diamond Corporation by 529.5% in the first quarter. The company has a consensus rating of "Buy" and a consensus price target of C$17.88.

12/05/2016 - Dominion Diamond Corporation had its "outperform" rating reiterated by analysts at Scotiabank.

A major group of privately held North American mining, industrial and teransportation specialists, has announced plans to acquire a major Candian diamond mining company for a value of $1.2 billion. The Company's segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment.


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