Based Dominion Diamond accepts US$1.2B takeover bid from WashCorps

Reuters

Reuters

Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. 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.

US -listed shares of Dominion were up 4 percent in premarket trading on Monday. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Analyst's mean target price for DDC is $14.85 while analysts mean recommendation is 1.80.

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.

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

The current market capitalization of Dominion Diamond Corp (NYSE:DDC) stands at 1.02 Billion.

Currently, EPS of Dominion Diamond Corporation (DDC) is 0.09 while the analysts predicted the EPS of the stock to be 0.11 suggesting the company fell short of the analysts' expectations. The 50 day moving average went up by +4.96% and the 200 day average was up $2.26.

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Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last posted its quarterly earnings results on Monday, June 12th.

In the last earnings report the EPS was $-0.08 and is projected to be $0.85 for the current year with 80,574,000 shares now outstanding. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. The company had revenue of $211 million during the quarter. During the same quarter in the previous year, the company earned ($0.01) EPS. Swiss National Bank owned 0.18% of Dominion Diamond Corporation worth $1,805,000 as of its most recent filing with the SEC.

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The deal is expected to close in the fourth quarter of 2017, Dominion said.

Anthera Pharmaceuticals, Inc. (NASDAQ:ANTH)'s stock on Friday traded at beginning with a price of $1.62 and when day-trade ended the stock finally moved up 3.82% to reach at $1.63. Finally, Levin Capital Strategies L.P. bought a new position in Dominion Diamond Corporation during the first quarter valued at $235,000. Breaking that down further, it has performed 7.07% for the week, 2.12% for the month, 7.32% over the last quarter, 36.85% for the past half-year and 51.46% for this a year ago. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time.

Dominion Diamond Corporation engages in the mining and marketing of rough diamonds.

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