Lucara Diamond Corp Just Recorded A Sigfniciant Decline

 Lucara Diamond Corp Just Recorded A Sigfniciant Decline

The stock of Lucara Diamond Corp (TSE:LUC) is a huge mover today! About 125,844 shares traded hands. Lucara Diamond Corp (TSE:LUC) has risen 45.96% since March 24, 2016 and is uptrending. It has outperformed by 42.48% the S&P500.
The move comes after 9 months negative chart setup for the $1.48 billion company. It was reported on Oct, 31 by Barchart.com. We have $3.70 PT which if reached, will make TSE:LUC worth $74.00M less.

Lucara Diamond Corp (TSE:LUC) Ratings Coverage

Out of 3 analysts covering Lucara Diamond (TSE:LUC), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Lucara Diamond has been the topic of 9 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was downgraded by BMO Capital Markets on Thursday, February 25 to “Market Perform”.

More recent Lucara Diamond Corp (TSE:LUC) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on August 30, 2011. Also Business.Financialpost.com published the news titled: “Lucara Diamond Corp rejects $40 million offer for second biggest diamond ever …” on November 26, 2015. Business.Financialpost.com‘s news article titled: “Podcast: Lucara Diamond Corp (TSE:LUC) CEO William Lamb on what it’s like to …” with publication date: April 13, 2016 was also an interesting one.

Lucara Diamond Corp. is a diamond mining firm focused on Africa. The company has a market cap of $1.48 billion. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. It has a 8.77 P/E ratio. The Company’s primary divisions are based on individual diamond properties, being the Karowe Mine and Corporate.

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