Washington Companies in talks to buy Canada's Dominion Diamond

Washington Companies in talks to buy Canada's Dominion Diamond

Analysts have placed a $14.85 price target on Dominion Diamond Corporation, suggesting a 10.16% gain from recent close. Dominion Diamond Corporation was founded in 1980 and is headquartered in Yellowknife, Canada.

The Target Price for Dominion Diamond Corp (NYSE:DDC) is $15.08/share according to the consensus analysis of analysts working on the stock. 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.

Dominion Diamond Corporation (DDC) has made its way to a 12-month gain of 51.46%. The basic materials company reported $0.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.04.

Shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) have received an average recommendation of "Buy" from the eight ratings firms that are now covering the stock, MarketBeat reports. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for ANTH and estimated EPS for next quarter is $ -1.17. The stock now has an average rating of "Buy" and an average target price of $14.78. Over the past month the firm's stock is 4.35%, -8.61% for the last quarter, 10.95% for the past six-months and 5.69% for the a year ago.

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 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. Stage Stores, Inc. has 0 buy ratings, 0 holds and 0 sells even after the stock tumbled -72.56% from its high of $6.56 to a $50.27 million market value through last close.

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USA -listed shares of Dominion leapt 4 percent to $14.04, while its Toronto-listed shares rose almost 5 percent, after Dominion said Washington Companies will acquire all of shares for $14.25 per share in cash. The correct version of this piece can be accessed at

The stock shows a Short Ratio of 0.43 with the total number of Shares Short (Previous Month) of 225.46 Million.

Dominion Diamond Corporation (NYSE:DDC) commented on recent media rumours related to the Company's review of strategic alternatives. The Company is focused on the mining and marketing of rough diamonds to the global market. The Washington companies will take controlling interest in the Ekati mine and 40 per cent ownership of the Diavik mine.