News Worms
News Worms


Diamond Miner Dominion Purchased for $1.2 Billion

Diamond Miner Dominion Purchased for $1.2 Billion

The deal represents a 44% premium to Dominion's unaffected share price of $9.92 on March 17.

As of the latest earnings report the EPS was $-0.08 and is expected to be $0.85 for the current year with 80,574,000 shares now outstanding. As of quarter end Tower Research Capital LLC (trc) had sold a total of 758 shares trimming its stake by 31.6%. They issued a "buy" rating for the company.

Dominion Diamond Corporation (DDC) has made its way to a 12-month gain of 51.46%. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $13.65. Shares are trading at $14.03 just above the 50 day moving average which is $12.84 and a tad higher than the 200 day moving average of $11.22. The firm's market capitalization is $1.03 billion.

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

So the company lags the analysts estimate by $-0.02/share showing a surprise of -18.2%. The firm had revenue of $211 million for the quarter. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. During the same period in the previous year, the business posted ($0.01) EPS. Company fiscal year is ending in January and analysts' consensus recommendation is Outperform for DDC and estimated EPS for next quarter is $ 0.40.

WARNING: "Swiss National Bank Has $1,805,000 Position in Dominion Diamond Corporation (DDC)" was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another site, it was stolen and republished in violation of United States and worldwide trademark and copyright law. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/07/14/dominion-diamond-corporation-nyseddc-earning-favorable-news-coverage-report-finds.html. 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. Royal Bank Of Canada increased their price objective on shares of Dominion Diamond Corporation from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 18th. On April 13 Citigroup maintained a company rating of "Buy" but moved up the price target from $20.80 to $20.89.

The company declared a dividend for shareholders that was paid on Monday the 5th of June 2017. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.

This recommendation lands on a scale between 1 and 5.

October 19 investment analysts at Citigroup left the stock rating at "Buy" but lowered the price target to $16.13 from $18.63.

By having an overview of the Income statement for Dominion Diamond Corp (NYSE:DDC) the Revenue for the trailing twelve months is 603.57 Million.

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