Diamond Miner Dominion Purchased for $1.2 Billion

Diamond Miner Dominion Purchased for $1.2 Billion

Scotiabank increased their price target on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the company an "outperform" rating in a report on Thursday, June 1st. The transaction has a total approximate value of US$1.2 billion. SELL rating has been given by 0 analyst (s) and 1 analyst (s) given BUY rating to the stock. While the company's share hit the 52 week high on 05/11/17 stationing the value of $13.65.

US -listed shares of Dominion, which reported a bigger first-quarter loss in June, were up 4 percent in early trading on Monday, while its Toronto-listed shares rose almost 5 percent. The firm had revenue of $211 million for the quarter.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 25.89% and has a pretty decent Year to Date (YTD) Performance of 39.26% which means the stock is constantly adding to its value from previous fiscal year end price.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its quarterly earnings data on Monday, June 12th. 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. In its rejection, the Dominion board called Washington's offer "generic" and "boilerplate", complaining that it had no unique plans for the company.

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Now the shares of Dominion Diamond Corporation (DDC) has the trading volume of 4.01 Million shares with the average trading volume of 831700 shares. Dominion Diamond Corporation had a positive return on equity of 1.46% and a negative net margin of 1.07%. They set a "buy" rating on the stock.

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Dominion Diamond Corporation (DDC) closed business day at $13.48 with 5.64%. The company's revenue for the quarter was up 18.3% on a year-over-year basis. If you are viewing this piece on another domain, it was stolen and reposted in violation of worldwide trademark & copyright laws. The original version of this story can be read at https://www.themarketsdaily.com/2017/07/14/dominion-diamond-corporation-nyseddc-receives-consensus-recommendation-of-buy-from-analysts.html. It's expected to close in the fourth quarter. Dominion shares were halted premarket for the news, but have gained 39% in 2017, while the S&P 500 has gained about 10%. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. Market Capitalization if basically the market value of the company's shares outstanding.

"We are excited to...extend the mine life of the Ekati mine and continue partnering with Rio Tinto in the operation of the Diavik mine, while maintaining long-term employment for Dominion employees", said Washington president Lawrence R. Simkins in a statement.

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