Canada's Dominion Diamond accepts sweetened bid from Washington Cos

Bruno Cirelli
Luglio 17, 2017

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC)'s stock had its "hold" rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday, June 21st.

A number of other research firms have also recently commented on DDC. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock.

Shares of Dominion Diamond Corporation (NYSE:DDC) are experiencing unusual volume during today's trading.

US -listed shares of Dominion, which reported a bigger first-quarter loss in June, were up 4 percent in early trading on Monday, while its Toronto-listed shares rose almost 5 percent.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2017/07/14/dominion-diamond-corporation-nyseddc-receives-consensus-recommendation-of-buy-from-analysts.html.

Shares of Dominion Diamond Corp (TSE:DDC) traded up 4.25% during midday trading on Tuesday, hitting $16.91. Dominion Diamond Corp has a 1-year low of $10.47 and a 1-year high of $18.27. The share price has moved forward from its 20 days moving average, trading at a distance of 6.67% and stays 5.47% away from its 50 days moving average. (DDC), the third-largest diamond producer in the world by market value, is in advanced discussions with Washington Cos. regarding a sweetened cash takeover bid, Reuters reports. The firm had revenue of $211 million during the quarter. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. During the same quarter in the previous year, the business posted ($0.01) EPS. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for ANTH and estimated EPS for next quarter is $ -1.17. Dominion Diamond Corporation earned a news sentiment score of 0.40 on Accern's scale.

The Stock traded with an actual day volume of 4.01 Million and average volume of 545.36 Million respectively. Trexquant Investment LP increased its position in shares of Dominion Diamond Corporation by 82.0% in the fourth quarter.

Dominion said Washington Companies will acquire all of its outstanding common shares for US$14.25 per share in cash, higher than the USA -based company's earlier offer of US$13.50 per share.

In March, Dominion Diamond Corporation said a $1.1-billion USA takeover bid by The Washington Companies undervalued the company and was a "highly opportunistic" attempt by a USA conglomerate to see its confidential information. Market Capitalization if basically the market value of the company's shares outstanding.

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