Dominion Diamond Corp PT Raised to $17.90 (DDC)
Nomura upped their target price on shares of Dominion Diamond Corp (NYSE:DDC) from $17.75 to $17.90 in a research note issued on Friday. Nomura’s price target indicates a potential upside of 31.81% from the stock’s previous close.
A number of other analysts have also recently weighed in on DDC. Analysts at Barclays initiated coverage on shares of Dominion Diamond Corp in a research note on Thursday, May 8th. They set an “equal weight” rating and a $14.00 price target on the stock. 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.43.
Shares of Dominion Diamond Corp (NYSE:DDC) traded down 2.80% on Friday, hitting $13.20. 149,506 shares of the company’s stock traded hands. Dominion Diamond Corp has a 1-year low of $11.81 and a 1-year high of $15.22. The stock has a 50-day moving average of $12.69 and a 200-day moving average of $13.57. The company has a market cap of $1.124 billion and a price-to-earnings ratio of 2.41.
Dominion Diamond Corp (NYSE:DDC) last released its earnings data on Wednesday, June 11th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.06. The company had revenue of $175.50 million for the quarter, compared to the consensus estimate of $108.80 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 61.3% on a year-over-year basis. Analysts expect that Dominion Diamond Corp will post $0.47 EPS for the current fiscal year.
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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