BMO Capital Markets Lowers Lucara Diamond (TSE:LUC) Price Target to C$0.50

Lucara Diamond (TSE:LUC) had its price target cut by stock analysts at BMO Capital Markets from C$0.60 to C$0.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 21.95% from the stock’s previous close.

Lucara Diamond Stock Down 2.4 %

Shares of LUC stock traded down C$0.01 during trading hours on Friday, reaching C$0.41. 676,860 shares of the stock were exchanged, compared to its average volume of 163,386. The business’s fifty day moving average is C$0.47 and its two-hundred day moving average is C$0.39. The company has a debt-to-equity ratio of 87.66, a current ratio of 1.37 and a quick ratio of 1.42. Lucara Diamond has a 12-month low of C$0.29 and a 12-month high of C$0.63. The firm has a market capitalization of C$188.81 million, a P/E ratio of -5.86, a P/E/G ratio of -0.81 and a beta of 1.38.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the development and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates Clara Platform, a digital sales platform for rough diamonds. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.