Time to Buy Lucara Diamond Corp After Today’s Huge Decline?

 Time to Buy Lucara Diamond Corp After Today's Huge Decline?

The stock of Lucara Diamond Corp (TSE:LUC) is a huge mover today! About 3.03 million shares traded hands or 412.28% up from the average. Lucara Diamond Corp (TSE:LUC) has risen 6.35% since April 22, 2016 and is uptrending. It has outperformed by 0.34% the S&P500.
The move comes after 9 months negative chart setup for the $1.25B company. It was reported on Nov, 28 by Barchart.com. We have $3.14 PT which if reached, will make TSE:LUC worth $62.50 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 $3.01 average target is -9.06% below today’s ($3.31) stock price. Lucara Diamond has been the topic of 11 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, February 25. Scotia Capital maintained the stock with “Sector Perform” rating in Thursday, November 17 report. On Wednesday, November 9 the stock rating was maintained by Scotia Capital with “Sector 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. Reuters.com‘s news article titled: “Giant diamond fails to sell at auction, trade interested” with publication date: June 29, 2016 was also an interesting one.

Lucara Diamond Corp. is a diamond mining firm focused on Africa. The company has a market cap of $1.25 billion. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. It has a 11.94 P/E ratio. The Company’s primary divisions are based on individual diamond properties, being the Karowe Mine and Corporate.

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