Scotiabank Cuts Lucara Diamond (TSE:LUC) Price Target to C$1.25

Lucara Diamond (TSE:LUC) had its target price decreased by Scotiabank from C$2.00 to C$1.25 in a research note released on Monday, BayStreet.CA reports.

A number of other analysts have also weighed in on the company. BMO Capital Markets reduced their target price on Lucara Diamond from C$1.80 to C$1.50 in a research note on Thursday, September 26th. Berenberg Bank lowered their target price on shares of Lucara Diamond from C$1.50 to C$1.40 in a research note on Tuesday, August 6th.

LUC opened at C$0.82 on Monday. The business has a fifty day moving average of C$0.94 and a 200 day moving average of C$1.24. Lucara Diamond has a 52-week low of C$0.81 and a 52-week high of C$1.87. The company has a quick ratio of 0.50, a current ratio of 3.24 and a debt-to-equity ratio of 2.10. The stock has a market cap of $329.39 million and a P/E ratio of -82.00.

Lucara Diamond Company Profile

Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates in two segments, Karowe Mine, and Corporate and Other. It holds 100% interests in the Karowe mine, as well as two prospecting licenses located in Botswana.

Read More: Buy Rating

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