Dominion Diamond puts itself up for sale after $1.1 billion approach

Cornelia Mascio
Marzo 28, 2017

The stock of Dominion Diamond Corp (NYSE:DDC) gapped up by $0.1 today and has $13.51 target or 4.00% above today's $12.99 share price. The company's stock had a trading volume of 430,376 shares.

Among 3 analysts covering Dominion Diamond Corp (NYSE:DDC), 2 have Buy rating, 0 Sell and 1 Hold.

Roper Tech Incorporated (NYSE:ROP) had an increase of 4.62% in short interest. About 2.26M shares traded.

Investors sentiment decreased to 0.77 in 2016 Q4. Its up 0.50, from 0.78 in 2016Q3. It turned negative, as 62 investors sold FTI shares while 142 reduced holdings. 64 funds opened positions while 183 raised stakes. Mariner Wealth Advsr Llc reported 0.07% stake. Asset Mgmt One has invested 0.08% of its portfolio in Roper Technologies Inc (NYSE:ROP). 5,478 were reported by Glg Limited Liability. Geneva Advisors Ltd reported 7,229 shares stake. Cornerstone Cap Lc accumulated 0.09% or 331,206 shares. Agf Invs America accumulated 20,061 shares or 1.57% of the stock. Roffman Miller Pa reported 0.49% in TechnipFMC plc Ordinary Share (NYSE:FTI). British Columbia Investment Management holds 102,525 shares or 0.03% of its portfolio. The Reinhart Partners Inc holds 854,811 shares with $30.37 million value, down from 1.08 million last quarter. Mufg Americas reported 53 shares. Ent Financial Corp stated it has 50 shares or 0% of all its holdings. Fmc Technologies Inc Com now has $14.60 billion valuation.

Shares in the mining company rose after the company announced the decision in a statement Monday morning. Therefore 67% are positive. Roper Industries Inc. had 24 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Friday, March 11 by Goldman Sachs. As per Monday, November 30, the company rating was upgraded by Guggenheim. The stock has "Sell" rating by Zacks on Tuesday, August 25. The firm has "Hold" rating by Argus Research given on Wednesday, October 19. As per Thursday, July 23, the company rating was upgraded by FBR Capital. Dominion Diamond Corp has a 12 month low of $10.47 and a 12 month high of $17.82. The company has market cap of $1.11 billion.

Though Washington's proposal appears to remain on the table, Zimnisky said he believes another diamond mining company would be a better fit for Dominion's board of directors. It now has negative earnings. The Company's divisions include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment.

DDC has been the subject of several other reports.

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