Shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have received an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.48.

A number of equities research analysts have recently commented on the stock. BidaskClub lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of 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. Gabelli lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. lowered shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. Finally, BMO Capital Markets lowered shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th.

Shares of Dominion Diamond Corporation (NYSE DDC) traded down 0.248% during trading on Tuesday, hitting $14.065. 328,696 shares of the stock were exchanged. Dominion Diamond Corporation has a 52 week low of $7.92 and a 52 week high of $14.16. The stock’s market cap is $1.13 billion. The firm’s 50 day moving average price is $13.19 and its 200-day moving average price is $11.85.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its quarterly earnings data on Monday, June 12th. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. The company had revenue of $211 million for the quarter. During the same period in the prior year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Dominion Diamond Corporation will post $0.93 EPS for the current year.

Dominion Diamond Corporation declared that its Board of Directors has initiated a stock buyback program on Monday, July 17th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the basic materials company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its position in shares of Dominion Diamond Corporation by 26.7% in the first quarter. Gabelli Funds LLC now owns 544,805 shares of the basic materials company’s stock valued at $6,881,000 after buying an additional 114,805 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Dominion Diamond Corporation by 30.8% in the first quarter. Gamco Investors INC. ET AL now owns 417,301 shares of the basic materials company’s stock worth $5,271,000 after buying an additional 98,301 shares during the period. UBS Asset Management Americas Inc. raised its position in Dominion Diamond Corporation by 56.3% in the first quarter. UBS Asset Management Americas Inc. now owns 24,697 shares of the basic materials company’s stock worth $311,000 after buying an additional 8,900 shares during the period. Geneva Advisors LLC raised its position in Dominion Diamond Corporation by 16.4% in the first quarter. Geneva Advisors LLC now owns 60,650 shares of the basic materials company’s stock worth $766,000 after buying an additional 8,565 shares during the period. Finally, Tocqueville Asset Management L.P. raised its position in Dominion Diamond Corporation by 94.0% in the first quarter. Tocqueville Asset Management L.P. now owns 247,721 shares of the basic materials company’s stock worth $3,129,000 after buying an additional 120,000 shares during the period. 56.61% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Dominion Diamond Corporation (NYSE:DDC)

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