News stories about Dominion Diamond (NYSE:DDC) (TSE:DDC) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dominion Diamond earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.8368164291293 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Dominion Diamond (NYSE DDC) opened at $14.24 on Tuesday. 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 has a 1 year low of $8.29 and a 1 year high of $14.26.
Several analysts have commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a $23.00 target price on shares of Dominion Diamond in a research report on Monday, September 25th. BidaskClub downgraded shares of Dominion Diamond from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Scotiabank downgraded shares of Dominion Diamond from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $14.50 to $14.25 in a research report on Thursday, September 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.75.
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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