Dominion Diamond Corporation (DDC) Getting Somewhat Favorable News Coverage, Study Shows

Media stories about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dominion Diamond Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.5817958441518 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of brokerages recently issued reports on DDC. Citigroup Inc. cut shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $14.40 to $14.25 in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of Dominion Diamond Corporation in a research note on Wednesday, June 21st. BMO Capital Markets cut shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Scotiabank cut shares of Dominion Diamond Corporation from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $14.50 to $14.25 in a research note on Thursday, September 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.75.

Dominion Diamond Corporation (DDC) traded up 0.07% during trading on Tuesday, reaching $14.17. 561,760 shares of the company’s stock traded hands. Dominion Diamond Corporation has a one year low of $8.29 and a one year high of $14.23. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 20.42 and a beta of 0.44. The company has a 50 day moving average of $14.17 and a 200 day moving average of $13.37.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Dominion Diamond Corporation had a net margin of 8.54% and a return on equity of 3.36%. The company had revenue of $239.78 million during the quarter. Equities research analysts predict that Dominion Diamond Corporation will post $1.12 EPS for the current year.

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. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and inte

A number of brokerages recently issued reports on DDC. Citigroup Inc. cut shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $14.40 to $14.25 in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of Dominion Diamond Corporation in a research note on Wednesday, June 21st. BMO Capital Markets cut shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Scotiabank cut shares of Dominion Diamond Corporation from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $14.50 to $14.25 in a research note on Thursday, September 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.75.

Dominion Diamond Corporation (DDC) traded up 0.07% during trading on Tuesday, reaching $14.17. 561,760 shares of the company’s stock traded hands. Dominion Diamond Corporation has a one year low of $8.29 and a one year high of $14.23. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 20.42 and a beta of 0.44. The company has a 50 day moving average of $14.17 and a 200 day moving average of $13.37.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Dominion Diamond Corporation had a net margin of 8.54% and a return on equity of 3.36%. The company had revenue of $239.78 million during the quarter. Equities research analysts predict that Dominion Diamond Corporation will post $1.12 EPS for the current year.

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. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/17/dominion-diamond-corporation-ddc-getting-somewhat-favorable-news-coverage-study-shows.html.

About Dominion Diamond Corporation

Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.

Insider Buying and Selling by Quarter for Dominion Diamond Corporation (NYSE:DDC)

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