Dominion Diamond Corporation (NYSE:DDC) Earning Favorable News Coverage, Report Finds

17 July, 2017, 22:30 | Author: Leticia Walters
  • Reuters

In March, Dominion Diamond Corporation said a $1.1-billion USA takeover bid by The Washington Companies undervalued the company and was a "highly opportunistic" attempt by a U.S. conglomerate to see its confidential information. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. 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.

Dominion Diamond Corporation (DDC) has made its way to a 12-month gain of 51.46%. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation has an average rating of "Buy" and a consensus price target of $14.78. The company had revenue of $211 million during the quarter. Norges Bank acquired a new position in shares of Dominion Diamond Corporation during the fourth quarter valued at $9,880,000.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Analysts expect next quarter's EPS to be $0.34 with next year's EPS anticipated to be $1.21. The company was formerly known as Harry Winston Diamond Corporation and changed its name to Dominion Diamond Corporation in March 2013. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.70. FE's distance from 20 day simple moving average is 2.60% and distance from 50-Day simple moving average is 3.67%.

US -listed shares of Dominion were up 4 percent in premarket trading on Monday. They issued a "buy" rating for the company.

CounterPath Corporation (NASDAQ:CPAH)'s market cap, the total dollar value of all of their outstanding shares, is 10.50m.

The counter witnessed a trading volume of 0.24 million shares versus an average volume of 0.6 million shares during last trading session. If you are reading this news story on another site, it was stolen and republished in violation of United States and global trademark and copyright law.

Canadian miner Dominion Diamond (DDC) announced it has agreed to be bought by the Washington Companies for $14.25 a share in cash. 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. Its last month's stock price volatility remained 2.27% which for the week stands at 2.52%.

Yet another important factor while evaluating a good buy/sell decision for Dominion Diamond Corporation (DDC) is its Earnings per Share or EPS. "The strengthened global platform creates a much greater acquisition pipeline and higher potential synergies from future acquisitions, especially in food and beverage, the largest segment of the global labels market", a statement said.

DDC will continue to operate as a stand-alone business with a new CEO based in Canada, and will continue to operate the Ekati diamond mine and to partner with Rio Tinto (RIO) in operation of the Diavik diamond mine, located in Canada's Northwest Territories, reports said.

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