Todays Report: Today, TD Asset Management Inc. Buys 1,206,790 Shares of Dominion Diamond Corp. (DDC)

Today, TD Asset Management Inc. Buys 1,206,790 Shares of Dominion Diamond Corp. (DDC)

TD Asset Management Inc. increased its stake in Dominion Diamond Corp. (NYSE:DDC) (TSE:DDC) by 56.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,350,859 shares of the company’s stock after buying an additional 1,206,790 shares during the period. TD Asset Management Inc.’s holdings in Dominion Diamond Corp. were worth $32,897,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneva Advisors LLC increased its position in shares of Dominion Diamond Corp. by 2.4% in the second quarter. Geneva Advisors LLC now owns 55,160 shares of the company’s stock valued at $488,000 after buying an additional 1,290 shares during the last quarter. CWM LLC increased its position in shares of Dominion Diamond Corp. by 3.9% in the second quarter. CWM LLC now owns 80,822 shares of the company’s stock valued at $714,000 after buying an additional 3,046 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Dominion Diamond Corp. by 4.2% in the second quarter. Mckinley Capital Management LLC Delaware now owns 75,380 shares of the company’s stock valued at $666,000 after buying an additional 3,063 shares during the last quarter. Legal & General Group Plc increased its position in shares of Dominion Diamond Corp. by 103.5% in the second quarter. Legal & General Group Plc now owns 16,848 shares of the company’s stock valued at $148,000 after buying an additional 8,568 shares during the last quarter. Finally, Stanley Laman Group Ltd. bought a new position in shares of Dominion Diamond Corp. during the third quarter valued at approximately $111,000. 41.70% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Diamond Corp. (NYSE:DDC) traded up 0.5887% on Tuesday, hitting $9.4151. The stock had a trading volume of 23,713 shares. The company’s market cap is $798.82 million. Dominion Diamond Corp. has a 52-week low of $7.27 and a 52-week high of $12.65. The stock’s 50-day moving average is $8.76 and its 200-day moving average is $9.19.

Dominion Diamond Corp. (NYSE:DDC) last released its earnings results on Thursday, September 8th. The company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.33. The firm earned $160 million during the quarter, compared to the consensus estimate of $196.50 million. Dominion Diamond Corp. had a negative net margin of 9.79% and a negative return on equity of 1.08%. The firm’s revenue was down 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS. Analysts expect that Dominion Diamond Corp. will post $0.39 earnings per share for the current year.

The company also recently announced a semiannual dividend, which was paid on Thursday, November 3rd. Investors of record on Tuesday, October 11th were paid a $0.20 dividend. The ex-dividend date was Thursday, October 6th. This represents a yield of 4.77%. Dominion Diamond Corp.’s dividend payout ratio is presently -52.63%.

Several research analysts have commented on the company. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Dominion Diamond Corp. in a report on Monday, November 21st. BMO Capital Markets set a $18.00 target price on Dominion Diamond Corp. and gave the stock a “buy” rating in a report on Saturday, November 19th. Barclays PLC raised Dominion Diamond Corp. from an “equal weight” rating to an “overweight” rating and set a $11.40 target price on the stock in a report on Wednesday, September 21st. Zacks Investment Research raised Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and set a $14.00 target price on shares of Dominion Diamond Corp. in a report on Sunday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Dominion Diamond Corp. currently has a consensus rating of “Hold” and a consensus price target of $13.60.

About Dominion Diamond Corp.

Dominion Diamond Corporation 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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