Scotiabank Reiterates “C$3.25” Price Target for Lucara Diamond Corp. (LUC)
Lucara Diamond Corp. (TSE:LUC) received a C$3.25 price target from Scotiabank in a report released on Thursday. The brokerage currently has a a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 6.88% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the stock. 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 research note on Monday, August 8th. BMO Capital Markets raised their price objective on shares of Lucara Diamond Corp. from C$3.25 to C$3.50 in a research note on Thursday, September 29th.
Lucara Diamond Corp. (TSE:LUC) traded up 0.57% during midday trading on Thursday, reaching $3.51. 539,286 shares of the company were exchanged. Lucara Diamond Corp. has a 52 week low of $1.96 and a 52 week high of $4.39. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $3.90. The stock has a market capitalization of $1.34 billion and a P/E ratio of 17.04.
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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