Dominion Diamond Corp Given Average Recommendation of “Hold” by Analysts (NYSE:DDC)
Shares of Dominion Diamond Corp (NYSE:DDC) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, American Banking & Market News reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.57.
Shares of Dominion Diamond Corp (NYSE:DDC) traded up 0.81% on Thursday, hitting $12.45. The stock had a trading volume of 28,495 shares. Dominion Diamond Corp has a one year low of $11.94 and a one year high of $16.16. The stock’s 50-day moving average is $12.99 and its 200-day moving average is $13.71. The company has a market cap of $1.060 billion and a price-to-earnings ratio of 2.19.
Dominion Diamond Corp (NYSE:DDC) last released its earnings data on Wednesday, April 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.23. The company had revenue of $233.16 million for the quarter, compared to the consensus estimate of $260.41 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 111.8% on a year-over-year basis. On average, analysts predict that Dominion Diamond Corp will post $0.45 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DDC shares. Analysts at Barclays initiated coverage on shares of Dominion Diamond Corp in a research note on Thursday. They set an “equal weight” rating on the stock. Separately, analysts at Zacks upgraded shares of Dominion Diamond Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $13.80 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Dominion Diamond Corp from $23.00 to $20.00 in a research note on Tuesday, March 4th.
Dominion Diamond Corporation focused on the mining and marketing of rough diamonds. On March 26, 2013, Harry Winston Diamond Corporation completed the sale of its Harry Winston luxury brand business to the Swatch Group Ltd.
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