Lucara Diamond (TSE:LUC) Receives “Outperform” Rating from Scotiabank

Lucara Diamond (TSE:LUC)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research note issued on Wednesday, March 14th. They presently have a C$3.25 target price on the stock. Scotiabank’s price target points to a potential upside of 60.10% from the company’s current price.

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

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Shares of TSE LUC traded down C$0.04 during midday trading on Wednesday, hitting C$2.03. 138,288 shares of the stock traded hands, compared to its average volume of 596,138. Lucara Diamond has a one year low of C$1.97 and a one year 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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