Media stories about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dominion Diamond Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 47.0368918647113 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

Shares of Dominion Diamond Corporation (NYSE DDC) opened at 14.09 on Friday. The firm’s 50-day moving average is $13.49 and its 200 day moving average is $12.04. Dominion Diamond Corporation has a 1-year low of $7.92 and a 1-year high of $14.16. The company’s market cap is $1.14 billion.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last announced its earnings results on Monday, June 12th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. 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 last year, the business posted ($0.01) earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Dominion Diamond Corporation will post $0.93 EPS for the current fiscal year.

Dominion Diamond Corporation announced that its Board of Directors has approved a share buyback program on Monday, July 17th that permits the company to repurchase shares. This repurchase authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of analysts recently issued reports on DDC shares. Royal Bank Of Canada lifted their price target 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. Scotiabank lifted their price target on shares of Dominion Diamond Corporation from $14.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. BMO Capital Markets lowered shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Dominion Diamond Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Gabelli lowered shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.07.

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About Dominion Diamond Corporation

Dominion Diamond Corp is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. 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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