Shares are trading at $14.11 marginally over the 50 day moving average of $13.27 and which is marginally over the 200 day moving average of $11.90. Dominion Diamond Corp has a 1-year low of $10.47 and a 1-year high of $18.27. This repurchase authorization permits the basic materials company to purchase shares of its stock through open market purchases.
The Relative Volume of the company is 1.06 and Average Volume (3 months) is 1.34 million. (NYSE:DDC) shares saw heavy trading volume with 1,418K shares changing hands by the end of trading on Wednesday. Fox Run Management L.L.C. purchased a new stake in shares of Dominion Diamond Corporation during the first quarter valued at $182,000. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. Credit Suisse AG raised its position in shares of Dominion Diamond Corporation by 352.5% in the first quarter. Levin Capital Strategies L.P. purchased a new stake in shares of Dominion Diamond Corporation during the first quarter valued at $235,000. The dividend payment was $0.100 per share for the quarter which is $0.40 annualized. Marshall Wace LLP acquired a new position in Dominion Diamond Corporation during the second quarter valued at $9,804,000. Karp Capital Management Corp purchased a new stake in Dominion Diamond Corporation during the first quarter valued at $244,000. Institutional investors own 56.61% of the company's stock.
As of the latest earnings report the EPS was $-0.08 and is expected to be $0.93 for the current year with 80,574,000 shares now outstanding. UBS Asset Management Americas Inc. now owns 24,697 shares of the basic materials company's stock valued at $311,000 after buying an additional 8,900 shares in the last quarter. Next quarter's EPS is expected be $0.34 with next year's EPS anticipated to be $1.21. The company reported the earnings of $0.09/Share in the last quarter where the estimated EPS by analysts was $0.11/share.
Dominion Diamond Corporation declared that its Board of Directors has initiated a share buyback program on Monday, July 17th that allows the company to buyback shares.
DDC has been the topic of several other reports. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
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A number of research firms have weighed in on DDC.
12/13/2016 - Dominion Diamond Corporation had its "buy" rating reiterated by analysts at TD Securities. Scotiabank upped their price target on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the company an "outperform" rating in a research report on Thursday, June 1st.
Some buy side analysts are also providing their Analysis on Dominion Diamond Corporation, where 2 analysts have given a Buy signal, 2 said it's a HOLD.
August 9, 2017- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the "Company" or "Dominion") will release its fiscal 2018 second quarter results for the period ended July 31, 2017, after market hours on Wednesday, September 6, 2017. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of "Hold" and an average price target of C$18.38.
Here are some other firms who have updated their holdings.
Dominion, which owns a majority stake in the Ekati diamond mine in Canada's Northwest Territories and a minority share of the nearby Diavik mine, launched a sales process for the company in March following an initial unsolicited approach from Washington. The Company's segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment.
Dominion, the world's third largest diamond producer by market value, has been looking for a CEO since January when its former head, Brendan Bell, quit.