Could Lucara Diamond Corp Recover After Today’s Huge Decline?

 Could Lucara Diamond Corp Recover After Today's Huge Decline?

The stock of Lucara Diamond Corp (TSE:LUC) is a huge mover today! About 65,154 shares traded hands. Lucara Diamond Corp (TSE:LUC) has risen 23.02% since April 12, 2016 and is uptrending. It has outperformed by 18.34% the S&P500.
The move comes after 7 months negative chart setup for the $1.45 billion company. It was reported on Nov, 16 by Barchart.com. We have $3.23 PT which if reached, will make TSE:LUC worth $130.50 million 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. $3.25 is the highest target while $2.40 is the lowest. The $2.99 average target is -15.77% below today’s ($3.55) stock price. Lucara Diamond has been the topic of 10 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Sector Perform” rating and $3.15 target price in Wednesday, November 9 report. BMO Capital Markets downgraded Lucara Diamond Corp (TSE:LUC) on Thursday, February 25 to “Market Perform” rating.

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 $1.45 billion. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. It has a 12.89 P/E ratio. The Company’s primary divisions are based on individual diamond properties, being the Karowe Mine and Corporate.

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