Stock's Buzzers: Dominion Diamond Corp (NYSE:DDC)

Washington plans to operate Dominion as a standalone business as they do with their other operating companies

Washington plans to operate Dominion as a standalone business as they do with their other operating companies

DDC has been the topic of several research analyst reports.

Dominion Diamond Corp (DDC.TO), the world's third-largest diamond producer by market value, has agreed to a sweetened takeover offer of US$1.2 billion from The Washington Companies. Gabelli initiated coverage on shares of Dominion Diamond Corporation in a report on Monday, April 3rd. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.70. Dominion Diamond Corporation has an average rating of "Buy" and a consensus price target of $14.78.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Dominion Diamond Corporation (DDC) stands at 14.5 while the industry's and the sector's growth for next 5 years ticked at 5.5 and 2.27 respectively. The company has a 50-day moving average of $12.84 and a 200 day moving average of $11.22.

Shares of Dominion Diamond were climbing over 5.3% during midday trading on Friday.

So the company lags the analysts estimate by $-0.02/share showing a surprise of -18.2%.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at -1.15% and 1.03% respectively. The firm had revenue of $211 million during the quarter. In contrast to the year ago quarter EPS was at 0. Dominion Diamond Corporation earned a news sentiment score of 0.40 on Accern's scale.

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Washington Co., sometimes called WashCorps, said it plans to operate Dominion Diamond as a stand-alone business with a new CEO based in Canada.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock.

Under the terms of the deal, a subsidiary of The Washington Companies will purchase all of Calgary-based Dominion's outstanding common shares for $14.25 U.S. ($18.03 CDN) a share, the companies announced in a news release Monday. Finally, Scotiabank increased their price objective 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.

During the trading day, the stock price fluctuated between $12.7 and $13.63. Finally, Levin Capital Strategies L.P. bought a new position in Dominion Diamond Corporation during the first quarter valued at $235,000. The stock spiked 2.12% last month and is up 39.26 this year.

Dominion Diamond Corp (NYSE:DDC) opened its previous trading session at $12.82 later Inclining 5.64% to close its trade at a share price of $13.48.