Pareto Securities Reaffirms “Buy” Rating for Lucara Diamond Corp (LUC)
Lucara Diamond Corp (TSE:LUC)‘s stock had its “buy” rating reissued by research analysts at Pareto Securities in a note issued to investors on Monday. They presently have a C$3.30 price objective on the stock. Pareto Securities’ target price points to a potential upside of 10.00% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. BMO Capital Markets reiterated an “outperform” rating and set a C$3.50 price target on shares of Lucara Diamond Corp in a report on Friday, March 31st. Scotiabank set a C$3.30 price target on shares of Lucara Diamond Corp and gave the stock a “sector perform” rating in a report on Thursday, May 4th.
Shares of Lucara Diamond Corp (LUC) traded down 0.33% during mid-day trading on Monday, hitting $3.00. 257,403 shares of the company’s stock traded hands. Lucara Diamond Corp has a 52 week low of $2.62 and a 52 week high of $4.39. The firm has a 50-day moving average of $3.08 and a 200 day moving average of $3.04. The company has a market cap of $1.15 billion and a PE ratio of 23.81.
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In related news, Director Marie Inkster sold 170,000 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of C$3.00, for a total value of C$510,000.00. Also, Director Naseem Banu Lahri sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of C$3.25, for a total transaction of C$65,000.00. In the last 90 days, insiders sold 240,000 shares of company stock worth $723,000.
Lucara Diamond Corp Company Profile
Lucara Diamond Corp. is a diamond mining company focused in Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. Its segments include Karowe Mine, and Corporate and other. The Company holds a 100% interest in the Karowe Mine and three prospecting licenses located in Botswana.
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