Toronto Dominion Bank Raises Position in Dominion Diamond Corp (DDC)
Toronto Dominion Bank raised its holdings in shares of Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) by 72.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,326 shares of the basic materials company’s stock after buying an additional 22,405 shares during the period. Toronto Dominion Bank owned about 65,103.16% of Dominion Diamond Corp worth $755,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of DDC. Legal & General Group Plc boosted its stake in Dominion Diamond Corp by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 594 shares during the period. JPMorgan Chase & Co. acquired a new position in Dominion Diamond Corp in the 1st quarter worth approximately $112,000. Tower Research Capital LLC TRC boosted its stake in Dominion Diamond Corp by 57.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,927 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 2,533 shares during the period. Scotia Capital Inc. boosted its stake in Dominion Diamond Corp by 142.6% in the 2nd quarter. Scotia Capital Inc. now owns 11,512 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 38,567 shares during the period. Finally, Westpac Banking Corp acquired a new position in Dominion Diamond Corp in the 2nd quarter worth approximately $149,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Shares of Dominion Diamond Corp (DDC) traded down $0.01 during trading hours on Friday, hitting $14.24. 988,200 shares of the company’s stock were exchanged, compared to its average volume of 829,896. The firm has a market cap of $1,170.00, a price-to-earnings ratio of 29.06 and a beta of 0.44. Dominion Diamond Corp has a 52 week low of $8.29 and a 52 week high of $14.26.
Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) last issued its earnings results on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $239.78 million for the quarter. Dominion Diamond Corp had a net margin of 12.96% and a return on equity of 10.52%. research analysts expect that Dominion Diamond Corp will post 0.87 earnings per share for the current year.
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A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Dominion Diamond Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Dominion Diamond Corp in a research note on Monday, September 25th. Finally, Scotiabank lowered shares of Dominion Diamond Corp from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $14.50 to $14.25 in a research note on Thursday, September 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Diamond Corp has an average rating of “Hold” and a consensus target price of $16.75.
Dominion Diamond Corp 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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