Canada's Dominion Diamond accepts sweetened bid from U.S. billionaire


Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable.

A number of other research firms have also recently commented on DDC. Royal Bank Of Canada increased their price objective on shares of Dominion Diamond Corporation from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 18th. For the quarter, shares have been noted at 7.32%.

On April 14 Citigroup held the company rating at "Buy" but raised the price expectation to $20.89 from $20.80.

The opening price for Dominion Diamond Corporation (NYSE:DDC) was $12.82 and the volume amounted to 4.01 million shares which compares with the average volume of 0.55 million shares. If you are viewing this piece on another domain, it was stolen and reposted in violation of worldwide trademark & copyright laws. The correct version of this piece of content can be viewed at

Headlines about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have trended positive this week, Accern Sentiment Analysis reports. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. Year to date is -11.61%, -2.61% over the last quarter, -9.23% for the past six months and 13.10% over the last 12 months. The 50 day moving average went up by +4.96% and the 200 day average was up $2.26. The transaction has a total approximate value of US$1.2 billion. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04.

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Management effectiveness shows return on equity and return on assets for the trailing twelve months at -1.15% and 1.03% respectively. EPS breaks down the profitability of the company on a single share basis.

As of the latest earnings report the EPS was $-0.08 and is expected to be $0.85 for the current year with 80,574,000 shares now outstanding. Company fiscal year is ending in January and analysts' consensus recommendation is Outperform for DDC and estimated EPS for next quarter is $ 0.40. SELL rating has been given by 0 analyst (s) and 0 analyst (s) given BUY rating to the stock.

Washington will keep Dominion's headquarters in Canada and appoint a new chief executive. Sei Investments Co. boosted its position in Dominion Diamond Corporation by 529.5% in the first quarter. The company stock experienced a 5.64% move to arrive at $13.48.

Over the past year, Dominion was hit by weak global diamond prices, as well as sudden challenges, including the death of the company's founder, Robert Gannicott, and a fire at Ekati that suspended processing for three months and cost the miner around $20 million in repairs.