Luca Mining (CVE:LUCA) Stock Gets Price Target Reduction from Stifel Nicolaus

Luca Mining (CVE:LUCA) had its price target decreased by analysts at Stifel Nicolaus from C$3.25 to C$2.75 in a report released on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 139.13% from the company’s previous close.

Separately, National Bank Financial cut their price objective on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating for the company in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$2.88.

Luca Mining Stock Up 4.5%

Shares of CVE:LUCA traded up C$0.05 during midday trading on Thursday, hitting C$1.15. The company’s stock had a trading volume of 871,176 shares, compared to its average volume of 792,390. The firm has a market capitalization of C$316.51 million, a PE ratio of -115.00 and a beta of 1.04. The stock’s 50 day moving average is C$1.08. Luca Mining has a fifty-two week low of C$0.80 and a fifty-two week high of C$2.16.

Insider Transactions at Luca Mining

In other Luca Mining news, insider Adam Melnyk sold 46,500 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of C$1.09, for a total value of C$50,685.00. Following the sale, the insider directly owned 40,000 shares in the company, valued at C$43,600. This trade represents a 53.76% decrease in their position.