Dominion Diamond Corporation (NYSE:DDC) Experiences Heavy Trading Volume

Dominion Diamond Corporation (NYSE:DDC) Experiences Heavy Trading Volume

Dominion Diamond Corporation has an average rating of "Buy" and a consensus price target of $14.78.

A number of other equities analysts have also commented on the stock. The consensus price target of $18.33 also implies significant upside from the current price of $9.30.

The U.S. -listed shares soared as much as 6 percent to $13.60, before edging back to $13.44, or up 5.3 percent, in early afternoon trade in NY.

On September 21, 2016 the stock rating was rated "Overweight" by Barclays a boost from the previous " rating.

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Dominion Diamond Corp (NYSE:DDC) stock reached a 1-year peak price of $13.65. The stock spiked 2.12% last month and is up 39.26 this year. The stock's 50 day moving average is $12.84 and its 200-day moving average is $11.22.

U.S-based conglomerate The Washington Companies is buying Dominion Diamond Corporation, one of the world's largest diamond producers, for $1.2 billion US.

Headlines about Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have trended positive this week, Accern Sentiment Analysis reports. 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.

According to Balance Sheet of DDC, Total cash on most recent quarter is 131.17 Million. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. Analysts expect next quarter's EPS to be $0.34 with next year's EPS anticipated to be $1.21.

CounterPath Corporation (NASDAQ:CPAH)'s market cap, the total dollar value of all of their outstanding shares, is 10.50m.

Investors who are keeping close eye on Dominion Diamond Corporation (DDC) stock; watched recent volatility movements, they can see that shares have been recorded at 2.74% for the week, and 2.29% for the last month.

The counter witnessed a trading volume of 0.24 million shares versus an average volume of 0.6 million shares during last trading session. Analysts forecast that Dominion Diamond Corporation will post $0.85 EPS for the current fiscal year.

Under the tentative agreement, the privately held Montana-based company is offering US$14.25 per share for all shares of Dominion Diamond and it will have the opportunity to match any rival bid that comes forward. Finally, Levin Capital Strategies L.P. bought a new position in Dominion Diamond Corporation during the first quarter valued at $235,000.

Washington Companies, founded by industrialist and entrepreneur Washington, has mining, industrial and transportation businesses across North America. The Company's segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment.

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