The offer price is 5 percent higher than the Missoula, Montana-based company’s March 19 offer of $13.50 per share, which Dominion rejected as too low.
Management effectiveness shows return on equity and return on assets for the trailing twelve months at -1.15% and 1.03% respectively.
Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC)’s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday, June 21st.
Dominion Diamond Corporation (NYSE:DDC) yearly performance is 51.46%.
In the last earnings report the EPS was $-0.08 and is projected to be $0.85 for the current year with 80,574,000 shares now outstanding.
The opening price for Dominion Diamond Corporation (NYSE:DDC) was $12.82 and the volume amounted to 4.01 million shares which compares with the average volume of 0.55 million shares.
According to Balance Sheet of DDC, Total cash on most recent quarter is 131.17 Million.
Dominion said it will suspend paying dividends and its stock buybacks program pending completion of the deal, which is expected to close in the fourth quarter. Also, the current price highlights a discount of -44.44% to analysts’ high consensus price target. Analysts are projecting that the stock will reach $14.85 on a short term (1 year) basis. Analysts forecast that Dominion Diamond Corporation will post $0.85 EPS for the current fiscal year.
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.
In taking a look at technical levels, shares are trading 54.69% away from the 50 day simple moving average and 62.04% away from the 200 day simple moving average.
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. They issued a “buy” rating on the stock. Market Capitalization if basically the market value of the company’s shares outstanding.
US -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. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright law. 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.
Trade in Dominion shares on the Toronto Stock Exchange was halted pending news.
Dominion Diamond Corp (NYSE:DDC) now has a trailing P/E of -170.63 while its forward P/E according to Thomson Reuters is 11.14. While the stock price moved along with the volume change, shares are touching $2.20.
DDC will continue to operate as a stand-alone business with a new CEO based in Canada, and will continue to operate the Ekati diamond mine and to partner with Rio Tinto (RIO) in operation of the Diavik diamond mine, located in Canada’s Northwest Territories, reports said. The Company is focused on the mining and marketing of rough diamonds to the global market.