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Dominion Diamond Mines
Type
Public
Traded as TSX: DDC
NYSE: DDC
Industry Nonmetallic Mineral Mining
Headquarters Calgary, Alberta, Canada
Key people
  • Patrick Evans (CEO)
Products Diamonds
Revenue Decrease$720.57 million USD (2016)
Operating income
Decrease$7.99 million USD (2016)
Number of employees
72 (2008)
Parent The Washington Companies
Website www.ddmines.com

Dominion Diamond Mines (formerly known as Dominion Diamond Corporation, Harry Winston, and Aber) is a Canadian specialist diamond mining company.

The company holds a 40% stake in the Diavik Diamond Mine Project. Production at the Diavik Diamond Mine, Canada's second diamond mine, is operated by Dominion Diamond Mines' joint venture partner, Diavik Diamond Mines Inc., a subsidiary of Rio Tinto Group. The mine began producing diamonds in November 2002.

In 2012 the company purchased all of BHP Billiton's diamond assets; the primary asset is the Ekati Diamond Mine, which is adjacent to the Diavik Mine.

Diavik and Ekati combined are estimated to produce over 7 million carats of diamonds in 2014, worth an estimated $1.1 billion. Diavik and Ekati are currently ranked the 9th and 19th largest diamond mines in the world, respectively, according to total carat production.

The company's participation in the retail segment of the diamond pipeline was by means of its ownership of Harry Winston, Inc., a chain of retail stores. On January 14, 2013 the company announced that it has entered into an agreement to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to The Swatch Group Ltd. for US$750 million plus their assumption of up to US$250 million of pro forma net debt. The transaction included the brand and all the activities related to jewelry and watches, including the 535 employees worldwide and the production company in Geneva (Switzerland).

Aside from its corporate office in Calgary, Dominion Diamond Mines also has a rough diamond sorting facility in Toronto and a marketing office in Antwerp, Belgium. Harry Winston sells Tiffany & Co. about 25% of the diamonds in Winston's share and sells the remainder on the Antwerp open diamond market through its rough diamond dealer subsidiary, Aber International.

In March 2017, Dominion Diamond announced it had received an unsolicited and non-binding expression of interest from The Washington Companies to acquire the Company for US$1.1 billion.

In June 2017, a deal was signed with online diamond retailer James Allen to make it the exclusive online retailer of CanadaMark diamonds.

News

Dominion Diamond Corporation (basic materials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2017 2018-04-12 Future report Set alerts
Q3 2017 2017-12-07 Future report Set alerts
Q2 2017 2017-09-06 0.20 0.39
Q1 2017 2017-06-12 0.09 -0.09
Q4 2016 2017-04-12 -0.02 0.07
Q3 2016 2016-12-08 -0.06 0.34
Q2 2016 2016-09-08 -0.26 -0.39
Q1 2016 2016-06-08 -0.03 -0.01
Q4 2015 2016-04-13 -0.18 -0.41
Q3 2015 2015-12-10 0.08 0.08

Ratings

2016-06-13 Downgrade RBC Capital Outperform to Sector Perform $13.00 to $11.00
2016-06-13 Downgrade Royal Bank Of Canada Outperform to Sector Perform $13.00 to $11.00
2016-06-10 Reiterated Rating BMO Capital Markets Buy $22.00
2015-12-10 Lower Price Target RBC Capital Outperform $18.00 to $15.00
2015-11-10 Lower Price Target Barclays Equal Weight $17.00 to $14.00
2015-11-10 Lower Price Target Barclays PLC Equal Weight $17.00 to $14.00
2015-10-19 Lower Price Target Citigroup Inc. Buy $18.63 to $16.13
2015-09-14 Lower Price Target Nomura $21.50 to $18.50
2015-09-14 Lower Price Target RBC Capital Outperform $21.00 to $18.00
2015-09-14 Lower Price Target Nomura Holdings Inc. $21.50 to $18.50
2015-07-10 Lower Price Target Citigroup Inc. Buy $22.25 to $18.63
2015-06-25 Lower Price Target RBC Capital Outperform $23.00 to $21.00
2015-06-03 Boost Price Target RBC Capital Outperform $22.00 to $23.00
2015-04-13 Reiterated Rating Citigroup Inc. Buy $20.80 to $20.89
2015-01-15 Downgrade Barclays Overweight to Equal Weight
2014-12-09 Initiated Coverage Citigroup Inc. Buy $20.80
2014-06-13 Boost Price Target Nomura $17.75 to $17.90
2014-05-08 Initiated Coverage Barclays Equal Weight $14.00
2014-03-04 Lower Price Target RBC Capital $23.00 to $20.00
2014-01-17 Boost Price Target RBC Capital $21.00 to $23.00
2013-12-11 Reiterated Rating RBC Capital Outperform
2013-12-10 Initiated Coverage Goldman Sachs Buy
2013-11-07 Reiterated Rating RBC Capital Outperform $22.00
2013-09-26 Reiterated Rating RBC Capital Outperform $22.00
2016-06-13 Downgrade RBC Capital Outperform to Sector Perform $13.00 to $11.00
2016-06-13 Downgrade Royal Bank Of Canada Outperform to Sector Perform $13.00 to $11.00
2016-06-10 Reiterated Rating BMO Capital Markets Buy $22.00
2015-12-10 Lower Price Target RBC Capital Outperform $18.00 to $15.00
2015-11-10 Lower Price Target Barclays Equal Weight $17.00 to $14.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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