Lucara Diamond Corp. (TSE:LUC) had its target price boosted by BMO Capital Markets from C$3.25 to C$3.50 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. BMO Capital Markets’ price objective would indicate a potential downside of 10.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on LUC. Scotiabank restated an “outperform” rating and issued a C$4.00 price objective on shares of Lucara Diamond Corp. in a research note on Tuesday, June 14th. Haywood Securities cut their target price on shares of Lucara Diamond Corp. from C$3.90 to C$3.70 and set a “hold” rating for the company in a research note on Monday, August 8th.
Shares of Lucara Diamond Corp. (TSE:LUC) traded up 0.51% during mid-day trading on Thursday, reaching $3.95. 308,015 shares of the company traded hands. Lucara Diamond Corp. has a 52-week low of $1.48 and a 52-week high of $4.39. The stock’s 50 day moving average is $4.10 and its 200 day moving average is $3.66. The stock has a market capitalization of $1.51 billion and a PE ratio of 11.97.
About Lucara Diamond Corp.
Lucara Diamond Corp. is a diamond mining company focused on Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. The Company’s primary segments are based on individual diamond properties, being the Karowe Mine and Corporate. The Corporate office provides support to Karowe Mine with respect to sales, treasury and finance, technical support, regulatory reporting and corporate administration.
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