SG Americas Securities LLC purchased a new stake in Dominion Diamond Corp (NYSE:DDC) (TSE:DDC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 83,700 shares of the basic materials company’s stock, valued at approximately $1,187,000. SG Americas Securities LLC owned about 102,185.33% of Dominion Diamond as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Dupont Capital Management Corp acquired a new position in shares of Dominion Diamond in the third quarter valued at about $1,924,000. Intact Investment Management Inc. increased its holdings in shares of Dominion Diamond by 3.5% in the second quarter. Intact Investment Management Inc. now owns 818,246 shares of the basic materials company’s stock valued at $13,236,000 after purchasing an additional 28,000 shares during the period. Bank of Nova Scotia increased its holdings in shares of Dominion Diamond by 137.7% in the second quarter. Bank of Nova Scotia now owns 24,740 shares of the basic materials company’s stock valued at $311,000 after purchasing an additional 90,438 shares during the period. Harvest Management LLC increased its holdings in shares of Dominion Diamond by 33.3% in the third quarter. Harvest Management LLC now owns 126,592 shares of the basic materials company’s stock valued at $1,795,000 after purchasing an additional 31,592 shares during the period. Finally, Alpine Global Management LLC acquired a new position in shares of Dominion Diamond in the second quarter valued at about $1,972,000. Institutional investors own 60.33% of the company’s stock.
A number of research analysts have recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective on shares of Dominion Diamond in a report on Monday, September 25th. Scotiabank lowered Dominion Diamond from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $14.50 to $14.25 in a report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.44.
Shares of Dominion Diamond Corp (NYSE:DDC) opened at $14.24 on Friday. The company has a market capitalization of $1,170.00, a PE ratio of 29.06 and a beta of 0.44. Dominion Diamond Corp has a 1-year low of $8.29 and a 1-year high of $14.26.
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About Dominion Diamond
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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