Sci-tech

Dominion Diamond agrees to friendly takeover by Washington Cos

Dominion Diamond agrees to friendly takeover by Washington Cos

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

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. Dominion Diamond Corporation earned a news sentiment score of 0.40 on Accern's scale.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. While the stock price moved along with the volume change, shares are touching $13.48. Finally, Renaissance Technologies LLC increased its position in shares of Dominion Diamond Corporation by 22.4% in the fourth quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of Dominion Diamond Corporation by 94.0% in the first quarter.

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Shares of Dominion Diamond were climbing over 5.3% during midday trading on Friday. Gabelli initiated coverage on shares of Dominion Diamond Corporation in a report on Monday, April 3rd.

Dominion Diamond Corporation has a consensus outperform rating from 5 Wall Street analysts, and the number of shares now sold short amount to at least 0.3% of shares outstanding. The stock has a 50 day moving average price of $12.84 and a 200 day moving average price of $11.22. The firm's market capitalization is $1.03 billion.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its quarterly earnings results on Monday, June 12th. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.04. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for ANTH and estimated EPS for next quarter is $ -1.17. Over the past month the firm's stock is 2.12%, 7.32% for the last quarter, 36.85% for the past six-months and 51.46% for the a year ago. During the same quarter in the previous year, the business posted ($0.01) EPS. The company's 5 year Earnings per share growth and Capital Spending growth remains at -59.34 and 46.92.

KCET 2017: Second allotment list announced. Check here
Also Read: KEAM Trial Allotment 2017 Result to be out today: Steps to check CEE Kerala KEAM Allotment List at cee.kerala.gov.in . Candidates who had ot satisfied with the first round allotment are waiting for the second allotment results .

WARNING: "Swiss National Bank Has $1,805,000 Position in Dominion Diamond Corporation (DDC)" was originally reported by Transcript Daily and is owned by of Transcript Daily. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/07/16/dominion-diamond-corporation-ddc-stake-maintained-by-swiss-national-bank-updated-updated.html.

DDC has been the topic of several research analyst reports. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Analyst's mean target price for DDC is $14.85 while analysts mean recommendation is 1.80.

Yet another important factor while evaluating a good buy/sell decision for Dominion Diamond Corporation (DDC) is its Earnings per Share or EPS.

India Tour of Sri Lanka 2017: Shikhar Dhawan Replaces Injured Murali Vijay
The left-hander returned for the ODI series against England but he put on a fabulous show in the ICC Champions Trophy 2017. Vijay has been ruled out due to a wrist injury suffered during the four-match Test series against Australia.


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