BMO Capital Markets Issues Pessimistic Forecast for Lucara Diamond (TSE:LUC) Stock Price

Lucara Diamond (TSE:LUC) had its target price reduced by BMO Capital Markets from C$0.60 to C$0.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 21.95% from the stock’s current price.

Lucara Diamond Stock Performance

LUC stock traded down C$0.01 during trading on Friday, reaching C$0.41. The company had a trading volume of 676,860 shares, compared to its average volume of 163,386. The company has a debt-to-equity ratio of 87.66, a quick ratio of 1.42 and a current ratio of 1.37. Lucara Diamond has a twelve month low of C$0.29 and a twelve month high of C$0.63. The firm has a 50-day simple moving average of C$0.47 and a 200-day simple moving average of C$0.39. The company has a market cap of C$188.81 million, a price-to-earnings ratio of -5.86, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38.

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.