Canada's Dominion Diamond accepts sweetened bid from USA billionaire

Washington Cos. in Buyout Talks With Canada's Dominion Diamond

Scotiabank boosted their price target on Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an "outperform" rating in a research report on Thursday, June 1st. Gabelli initiated coverage on shares of Dominion Diamond Corporation in a report on Monday, April 3rd. 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.

A number of analysts have recently issued reports on DDC shares. The company now has a consensus rating of "Buy" and an average target price of $14.78.

Dominion Diamond Corporation (NYSE:DDC) yearly performance is 51.46%.

Dominion Diamond Corporation (DDC) has a market capitalization of 1.02 Billion which suggests the company is a huge company further suggesting that the shares of Dominion Diamond Corporation (DDC) are stable and safe compared to the lower market capitalization companies.

In taking a look at technical levels, shares are trading 54.69% away from the 50 day simple moving average and 62.04% away from the 200 day simple moving average.

Shares of Dominion Diamond Corporation (NYSE:DDC) traded up 5.64% during trading on Friday, hitting $13.48. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%.

The Quebec-based company estimates the Obagi medical products unit will generate about $85 million of revenue this year. During the same quarter in the previous year, the company earned ($0.01) EPS.

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Shares of the company have shown an EPS growth of -59.30% in the last 5 years. If you are viewing this piece on another domain, it was stolen and reposted in violation of global trademark & copyright laws. The original version of this story can be read at https://www.themarketsdaily.com/2017/07/14/dominion-diamond-corporation-nyseddc-receives-consensus-recommendation-of-buy-from-analysts.html.

Several other hedge funds and other institutional investors have also made changes to their positions in DDC.

According to the analysts, Dominion Diamond Corp (NYSE:DDC) is expected to announce $0.42/share EPS for the current quarter.

The volume of the particular stock is the shares bought and sold in a single trading day.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its quarterly earnings results on Monday, June 12th. Trexquant Investment LP now owns 50,989 shares of the basic materials company's stock worth $494,000 after buying an additional 22,968 shares during the period. Candriam Luxembourg S.C.A. purchased a new stake in shares of Dominion Diamond Corporation during the first quarter valued at approximately $3,789,000. While the stock price moved along with the volume change, shares are touching $2.20.

The total number of shares percentage held by insiders is about 19.88% while the number of Shares % held by institutions is 56.6%.

Dominion, which owns a majority stake in the Ekati mine and a minority share of the nearby Diavik mine in Canada's Northwest Territories, had rejected Washington's initial advance, saying it undervalued the company and that the terms of proposed talks were unacceptable.

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