Lucara Diamond (TSE:LUC) Downgraded by BMO Capital Markets

BMO Capital Markets lowered shares of Lucara Diamond (TSE:LUC) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have C$0.50 price objective on the stock, down from their prior price objective of C$1.25.

Separately, Scotiabank reduced their price target on shares of Lucara Diamond from C$2.00 to C$1.25 in a research report on Monday, December 2nd.

Shares of Lucara Diamond stock opened at C$0.45 on Monday. The stock has a market cap of $162.71 million and a P/E ratio of 15.00. The stock’s 50 day simple moving average is C$0.67 and its 200-day simple moving average is C$0.87. Lucara Diamond has a 1-year low of C$0.41 and a 1-year high of C$1.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.82 and a quick ratio of 0.81.

Lucara Diamond (TSE:LUC) last released its quarterly earnings results on Sunday, February 23rd. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$73.91 million for the quarter. As a group, research analysts expect that Lucara Diamond will post 0.07 EPS for the current fiscal year.

In other news, Director Eira Margaret Thomas purchased 106,000 shares of Lucara Diamond stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of C$0.63 per share, with a total value of C$66,324.20. Following the transaction, the director now owns 5,298,000 shares in the company, valued at C$3,314,958.60.

About Lucara Diamond

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.

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