Dominion Diamond Corporation (NYSE:DDC) Price Target Raised to $14.25

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

20 July, 2017

The Stock had a 1.67 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.5 and 1.5 respectively.

DDC has been the subject of a number of other reports. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/07/18/dominion-diamond-corp-ddc-stock-rating-lowered-by-paradigm-capital.html. Citigroup maintained it with "Buy" rating and $16.13 target in Monday, October 19 report.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its earnings results on Monday, June 12th. BMO Capital Markets downgraded Dominion Diamond Corp from an outperform rating to a market perform rating and set a C$18.00 target price for the company.in a report on Tuesday. Equities research analysts anticipate that Dominion Diamond Corporation will post $0.85 earnings per share for the current year. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Finally, Scotiabank boosted their target price on Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an "outperform" rating in a research note on Thursday, June 1st. About 4.92 million shares traded or 182.76% up from the average. The firm's market cap is $1.14 billion. The stock has a 50-day moving average price of $17.21 and a 200-day moving average price of $15.00. Dominion Diamond Corp (NYSE:DDC) has trailing twelve month Return on Assets of 0%, which is key indicator of how profitable a company is relative to its total assets. The company beat the analyst EPS Estimate with the difference of $-0.03. The company have shares float of 77.97 million. During the same quarter past year, the company earned ($0.01) EPS.

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Dominion Diamond Corporation declared that its board has approved a share repurchase program on Monday, July 17th that authorizes the company to repurchase shares.

In the market the company is trading unchanged from yesterday's close of $14.1. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. If you are reading this report on another domain, it was copied illegally and republished in violation of USA and global copyright law. (RPAI) stock confirmed the flow of 0.08% with the final price of $12.73. Scheer Rowlett & Associates Investment Management Ltd bought 367,465 shares as the company's stock rose 28.76% with the market. Dominion Diamond Corporation earned a coverage optimism score of 0.16 on Accern's scale.

In addition to Citigroup reporting its stock price target, a total of 8 brokers have issued a research note on the company. Finally, Levin Capital Strategies L.P. purchased a new stake in Dominion Diamond Corporation during the first quarter valued at about $235,000. The Washington Companies has a long track record of building businesses throughout North America, important experience in mining as well as operating its investments in Canada, and a decades-long investment horizon. The Firm is focused on the mining and marketing of rough diamonds to the global market.


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