BMO Capital Markets Raises Lucara Diamond Corp. (LUC) Price Target to C$3.50

Lucara Diamond Corp. (TSE:LUC) had its price objective raised by BMO Capital Markets from C$3.25 to C$3.50 in a research report sent to investors on Thursday.

Several other equities analysts have also recently commented on the company. Scotiabank restated a sector perform rating and set a C$3.15 target price on shares of Lucara Diamond Corp. in a research report on Thursday, August 11th. Haywood Securities cut their price objective on Lucara Diamond Corp. from C$3.90 to C$3.70 and set a hold rating for the company in a report on Monday, August 8th.

Shares of Lucara Diamond Corp. (TSE:LUC) opened at 3.90 on Thursday. The company has a market capitalization of $1.49 billion and a P/E ratio of 11.82. The firm has a 50-day moving average price of $4.08 and a 200-day moving average price of $3.70. Lucara Diamond Corp. has a one year low of $1.55 and a one year 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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