Brokers Offer Predictions for Dominion Diamond Corporation's FY2020 Earnings (NYSE:DDC)

Paterniano Del Favero
Agosto 9, 2017

Trading volume for Dominion Diamond Corporation was 1,418K by the end of trading on Wednesday. Geneva Advisors LLC now owns 60,650 shares of the basic materials company's stock valued at $766,000 after buying an additional 8,565 shares in the last quarter.

The following firms have also recently changed their position in DDC. Gabelli lowered shares of Dominion Diamond Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, July 18th. They set a buy rating on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Dominion Diamond Corp in a research note on Tuesday, June 13th. Finally, BMO Capital Markets lowered Dominion Diamond Corporation from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. The stock has a consensus rating of "Hold" and an average price target of $15.07.

Dominion Diamond Corporation (NYSE DDC) traded up 0.07% during trading on Tuesday, hitting $14.11. The stock's 50-day moving average is $12.91 and its 200-day moving average is $11.58. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $14.14. The stock's market capitalization is 1.14B.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last issued its quarterly earnings results on Monday, June 12th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.04. The company had revenue of $211 million for the quarter. During the same period in the prior year, the business earned ($0.01) earnings per share. Dominion Diamond Corporation's revenue for the quarter was up 18.3% compared to the same quarter previous year.

12/05/2016 - Dominion Diamond Corporation had its "outperform" rating reiterated by analysts at Scotiabank.

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Geneva Advisors, LLC reduced its investment by selling 1,520 shares a decrease of 2.5% in the quarter. If you are accessing this article on another publication, it was copied illegally and republished in violation of USA and worldwide copyright and trademark legislation. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/08/08/candriam-luxembourg-s-c-a-maintains-position-in-dominion-diamond-corporation-nyseddc.html.

Dominion Diamond Corporation announced that its Board of Directors has authorized a share buyback program on Monday, July 17th that allows the company to buyback outstanding shares. The firm owned 300,000 shares of the basic materials company's stock at the end of the second quarter. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued. Norges Bank acquired a new position in Dominion Diamond Corporation during the fourth quarter valued at $9,880,000. Accern also gave media headlines about the basic materials company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future.

09/21/2016 - Dominion Diamond Corporation was upgraded to "overweight" by analysts at Barclays. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Dominion Diamond Corporation during the first quarter valued at $4,501,000. Tocqueville Asset Management L.P. raised its position in Dominion Diamond Corporation by 94.0% in the first quarter. ET AL boosted its stake in Dominion Diamond Corporation by 10.7% in the second quarter. Gamco Investors INC. ET AL now owns 461,976 shares of the basic materials company's stock valued at $5,802,000 after buying an additional 44,675 shares in the last quarter.

For the next 5 years, Dominion Diamond Corporation is expecting Growth of 34.3% per annum, whereas in the past 5 years the growth was 13.63% per annum. It produces, sorts, and sells rough diamonds in North America, Europe, and India. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments.

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