Financial Update of Dominion Diamond Corporation (NYSE:DDC)

Gwen Vasquez
July 17, 2017

Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company.

A number of analysts have recently issued reports on DDC shares.

Canadian mining company Dominion Diamond Corp. said Monday it has agreed to be acquired by The Washington Companies for $14.25 a share in cash, or $1.2 billion. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Finally, Scotiabank increased their price objective on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an "outperform" rating in a research note on Thursday, June 1st.

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Dominion Diamond Corporation (NYSE:DDC) shares typically trade an average volume of 545.36 and institutions hold 66.80% of the total shares. 39,349 shares of the stock were exchanged. Currently, the stock is -1.25% from its 50-Day High and 10.13% from the 50-day low.

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The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 25.89% and has a pretty decent Year to Date (YTD) Performance of 39.26% which means the stock is constantly adding to its value from previous fiscal year end price.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its quarterly earnings data on Monday, June 12th.

So the company lags the analysts estimate by $-0.02/share showing a surprise of -18.2%. The company had revenue of $211 million during the quarter. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. Over the past month the firm's stock is 2.12%, 7.32% for the last quarter, 36.85% for the past six-months and 51.46% for the a year ago. Analysts forecast that Dominion Diamond Corporation will post $0.85 earnings per share for the current year. It's expected to close in the fourth quarter. The lowest price the stock reached in the last trading day was $1.75 and compares with the $1.75 52-week low.

Dominion Diamond Corp (NYSE:DDC) shows a Forward Annual Dividend Rate of $0.4 and Trailing Annual Dividend Yield of 3.13% according to MorningStar Inc. Fox Run Management L.L.C. bought a new position in Dominion Diamond Corporation during the first quarter valued at $182,000. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.

Yet another important factor while evaluating a good buy/sell decision for Dominion Diamond Corporation (DDC) is its Earnings per Share or EPS.

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