Financial Update of Dominion Diamond Corporation (NYSE:DDC)

The share of Dominion Diamond Corporation (DDC) now has a value of $13.48 while the company’s 52 week low is at $7.92, the shares dropped to the 52 week low on 09/16/16.

A number of analysts have recently issued reports on DDC shares.

In March, Dominion Diamond Corporation said a $1.1-billion United States takeover bid by The Washington Companies undervalued the company and was a “highly opportunistic” attempt by a USA conglomerate to see its confidential information. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States & global copyright & trademark law. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover DDC having a buy-equivalent rating. 39,349 shares of the stock were exchanged. SELL rating has been given by 0 analyst (s) and 0 analyst (s) given BUY rating to the stock.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its quarterly earnings results on Monday, June 12th. The company had revenue of $211 million during the quarter. The firm owned 142,700 shares of the basic materials company’s stock at the end of the first quarter. Currently, the stock is -1.25% from its 50-Day High and 10.13% from the 50-day low. The company now has a consensus rating of “Buy” and an average target price of $14.78.

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. Analysts are projecting that the stock will reach $14.85 on a short term (1 year) basis.

In the last reported quarter, Dominion Diamond Corp reported its Actual EPS (earnings per share) of $0.09/share where most of the analysts working on this stock were estimating the EPS to be $0.11/share. The firm’s market capitalization is $1.03 billion. Analysts forecast that Dominion Diamond Corporation will post $0.85 EPS for the current fiscal year.

During the trading day, the stock price fluctuated between $12.7 and $13.63.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at -1.15% and 1.03% respectively.

Beta is also an important valuation ratio for analyzing the stock of the company, DDC has Beta of 0.61 while its industry and Sector’s beta remains at 1.33 and 0.9 respectively.

Dominion Diamond Corporation (DDC) reported sales (ttm) of 603.6 Million, whereas, 1 number of analysts estimated the mean sale of 129.9 million. The company’s 5 year Earnings per share growth and Capital Spending growth remains at -59.34 and 46.92. The Company is focused on the mining and marketing of rough diamonds to the global market.

Dominion Diamond has interests in two diamond mines in the Northwest Territories northeast of Yellowknife – it operates the Ekati diamond mine, in which it has a controlling interest, and owns 40 per cent of the Diavik diamond mine.