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

Royal Bank of Canada cut shares of Lucara Diamond (TSE:LUC) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday morning. The brokerage currently has C$2.90 target price on the stock, down from their prior target price of C$3.00.

Lucara Diamond (LUC) traded down C$0.08 during trading on Wednesday, reaching C$2.64. 269,372 shares of the company’s stock traded hands, compared to its average volume of 371,431. The firm has a market capitalization of $1,020.00, a P/E ratio of 10.56 and a beta of 1.04. Lucara Diamond has a 52-week low of C$2.18 and a 52-week high of C$3.31.

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About Lucara Diamond

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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