Lucara Diamond (LUC) Downgraded to Sector Perform at Royal Bank of Canada

Lucara Diamond (TSE:LUC) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday. They currently have a C$2.90 price target on the stock, down from their prior price target of C$3.00. Royal Bank of Canada’s price objective suggests a potential upside of 6.62% from the stock’s current price.

Lucara Diamond (TSE LUC) traded down C$0.17 during trading on Wednesday, reaching C$2.72. 812,109 shares of the company’s stock traded hands, compared to its average volume of 386,011. The stock has a market cap of $1,040.00, a PE ratio of 10.88 and a beta of 1.04. Lucara Diamond has a 12 month low of C$2.18 and a 12 month high of C$3.31.

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Lucara Diamond 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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