Berenberg Bank Trims Lucara Diamond (TSE:LUC) Target Price to C$1.40

Lucara Diamond (TSE:LUC) had its price target trimmed by Berenberg Bank from C$1.50 to C$1.40 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other brokerages also recently commented on LUC. Scotiabank restated a buy rating and set a C$2.25 price objective (up from C$1.83) on shares of Lucara Diamond in a research note on Thursday, May 16th. BMO Capital Markets lowered their price objective on Lucara Diamond from C$2.00 to C$1.80 in a research note on Thursday, June 27th.

Shares of LUC opened at C$1.51 on Tuesday. The company has a market cap of $567.33 million and a P/E ratio of 22.88. The stock’s fifty day moving average is C$1.53. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.92 and a current ratio of 3.14. Lucara Diamond has a 12 month low of C$1.38 and a 12 month high of C$2.39.

Lucara Diamond (TSE:LUC) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$64.75 million for the quarter. Equities analysts predict that Lucara Diamond will post 0.08 EPS for the current year.

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.

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