Lucara Diamond Corp. (TSE:LUC) had its target price increased by investment analysts at BMO Capital Markets from C$3.25 to C$3.50 in a research report issued to clients and investors on Thursday. BMO Capital Markets’ price objective would suggest a potential downside of 10.49% from the stock’s previous close.

LUC has been the topic of several other research reports. Scotiabank reiterated an “outperform” rating and set a C$4.00 price objective on shares of Lucara Diamond Corp. in a report on Tuesday, June 14th. Haywood Securities dropped their price objective on shares of Lucara Diamond Corp. from C$3.90 to C$3.70 and set a “hold” rating on the stock in a report on Monday, August 8th.

Lucara Diamond Corp. (TSE:LUC) opened at 3.91 on Thursday. The company’s 50-day moving average price is $4.09 and its 200-day moving average price is $3.67. The company has a market cap of $1.49 billion and a PE ratio of 11.85. Lucara Diamond Corp. has a 12-month low of $1.51 and a 12-month high of $4.39.

Lucara Diamond Corp. Company Profile

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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