Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Dominion Diamond (DDC) Stock Price
News headlines about Dominion Diamond (NYSE:DDC) (TSE:DDC) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring 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 closest to one being the most favorable. Dominion Diamond earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.7046216472706 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Dominion Diamond (NYSE DDC) opened at $14.24 on Monday. Dominion Diamond has a twelve month low of $8.29 and a twelve month high of $14.26. The company has a market cap of $1,170.00, a P/E ratio of 29.06 and a beta of 0.44.
Dominion Diamond (NYSE:DDC) (TSE:DDC) last announced its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.03). The business had revenue of $239.78 million for the quarter. Dominion Diamond had a net margin of 12.96% and a return on equity of 10.52%. analysts predict that Dominion Diamond will post 0.87 EPS for the current fiscal year.
DDC has been the subject of a number of research reports. Scotiabank cut shares of Dominion Diamond from a “sector perform” rating to a “tender” rating and set a $14.25 target price for the company. in a report on Thursday, September 14th. BidaskClub cut shares of Dominion Diamond from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 target price on shares of Dominion Diamond in a report on Monday, September 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.75.
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Dominion Diamond Company Profile
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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