Economy

Dominion Diamond Corporation (NYSE:DDC) Position Boosted by Credit Suisse AG

This buyback authorization authorizes the basic materials company to bought stocks of its shares through open market purchases. They set a "buy" rating for the company. 99,463 shares of the stock were exchanged. Hedge funds and other institutional investors own 55.31% of the company's stock. Fox Run Management L.L.C. has an ownership of 22,400 stocks of the basic materials firms shares valued $281,000 after scooping up an extra 8,000 shares through out the previous quarter, HighTower Advisors added additional shares of Dominion Diamond Corporation by 11.1% in the Q1. LLC boosted its stake in shares of Dominion Diamond Corporation by 0.6% in the first quarter.

The stock last traded at $14.08 which is marginally over the 50 day moving average of $13.16 and a tad above the 200 day moving average of $11.82. CWM boosted its stake in Dominion Diamond Corporation by 3.3% in the Fiscal Q2. Jane Street Group LLC purchased a new stake in shares of Dominion Diamond Corporation during the first quarter valued at about $212,000. More interesting news about Dominion Diamond Corp (NYSE:DDC) were released by: Law360.com and their article: "Deals Rumor Mill: NEC, Grab, Dominion Diamond" published on July 14, 2017 as well as Reuters.com's news article titled: "Canada's Dominion Diamond accepts sweetened bid from United States billionaire" with publication date: July 17, 2017.

The stock is now showing YTD performance of 45.45 Percent. Dominion Diamond Corp had 18 analyst reports since August 25, 2015 according to SRatingsIntel.

On July 18 the stock rating was downgraded from " to "Market Perform" by analysts at BMO Capital.

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Stock analysts at Gabelli issued their FY2018 EPS estimates for Dominion Diamond Corp in a research note issued on Tuesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. The company now has an average rating of "Hold" and an average price target of $15.07.

More notable recent Dominion Diamond Corp (NYSE:DDC) news were published by: Washingtonpost.com which released: "Dominion Diamond and Impax rise; FedEx and BlackRock fall" on July 17, 2017, also Reuters.com with their article: "Exclusive: Washington Companies in talks to buy Canada's Dominion Diamond -sources" published on July 14, 2017, Marketwatch.com published: "Dominion Diamond agrees to be acquired by The Washington Cos. for $1.2 billion" on July 17, 2017. The basic materials company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The company had revenue of $211 million for the quarter. Finally, Scotiabank upped their price target on shares of Dominion Diamond Corp to C$19.50 and gave the company an "outperform" rating in a report on Thursday, June 1st. The company's quarterly revenue was up 18.3% compared to the same quarter past year. During the same period in the prior year, the business posted ($0.01) earnings per share.

TRADEMARK VIOLATION WARNING: This story was originally reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another site, it was copied illegally and reposted in violation of worldwide copyright law. The correct version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/01/dominion-diamond-corp-tseddc-given-new-c18-00-price-target-at-royal-bank-of-canada-updated.html.

12/10/2013 - Goldman Sachs began new coverage on Dominion Diamond Corporation giving the company a " rating. It operates through Diavik Diamond Mine and Ekati Diamond Mine segments. It produces, sorts, and sells rough diamonds in North America, Europe, and India. 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.



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