Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.78.

DDC has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $10.00 target price on Dominion Diamond Corporation and gave the company a “hold” rating in a report on Thursday, February 23rd. Gabelli initiated coverage on Dominion Diamond Corporation in a report on Monday, April 3rd. They set a “buy” rating on the stock. Finally, Scotiabank raised their price objective on Dominion Diamond Corporation from $14.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, June 1st.

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Dominion Diamond Corporation (NYSE:DDC) traded up 0.39% during trading on Monday, reaching $12.82. The company’s stock had a trading volume of 37,160 shares. The company’s 50 day moving average price is $12.85 and its 200-day moving average price is $11.05. The stock’s market cap is $1.07 billion. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $13.65.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last issued its earnings results on Monday, June 12th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. The firm had revenue of $211 million for the quarter. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. Equities analysts forecast that Dominion Diamond Corporation will post $0.82 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Monday, June 5th. Shareholders of record on Wednesday, May 17th were issued a dividend of $0.20 per share. This represents a yield of 3.18%. The ex-dividend date was Monday, May 15th. Dominion Diamond Corporation’s payout ratio is presently -571.43%.

A number of hedge funds and other institutional investors have recently made changes to their positions in DDC. Bessemer Group Inc. increased its position in shares of Dominion Diamond Corporation by 13.7% in the fourth quarter. Bessemer Group Inc. now owns 21,255 shares of the basic materials company’s stock valued at $206,000 after buying an additional 2,560 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dominion Diamond Corporation by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,581 shares of the basic materials company’s stock valued at $3,258,000 after buying an additional 5,837 shares during the last quarter. Trexquant Investment LP increased its position in shares of Dominion Diamond Corporation by 82.0% in the fourth quarter. Trexquant Investment LP now owns 50,989 shares of the basic materials company’s stock valued at $494,000 after buying an additional 22,968 shares during the last quarter. Allianz Asset Management AG bought a new position in shares of Dominion Diamond Corporation during the fourth quarter valued at approximately $320,000. Finally, Renaissance Technologies LLC increased its position in shares of Dominion Diamond Corporation by 22.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,848,898 shares of the basic materials company’s stock valued at $27,577,000 after buying an additional 522,300 shares during the last quarter. 56.33% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Diamond Corporation

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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