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

Lucara Diamond (TSE:LUC) had its target price decreased by BMO Capital Markets from C$0.60 to C$0.50 in a research note issued to investors on Friday,BayStreet.CA reports.

Lucara Diamond Stock Up 7.1 %

Shares of TSE LUC opened at C$0.45 on Friday. The firm’s 50-day moving average is C$0.47 and its two-hundred day moving average is C$0.39. The company has a market capitalization of C$207.23 million, a PE ratio of -6.43, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. Lucara Diamond has a 12-month low of C$0.29 and a 12-month high of C$0.63. 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 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.