Lucara Diamond (LUC) Stock Rating Reaffirmed by Scotiabank

Lucara Diamond (TSE:LUC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a report released on Wednesday. They presently have a C$3.25 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 44.44% from the company’s current price.

Separately, Royal Bank of Canada cut Lucara Diamond from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$3.00 to C$2.90 in a research report on Wednesday, January 10th.

Shares of Lucara Diamond (LUC) opened at C$2.25 on Wednesday. Lucara Diamond has a twelve month low of C$2.11 and a twelve month high of C$3.31. The company has a market capitalization of $860.89, a PE ratio of 10.23 and a beta of 1.05.

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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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