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Lucara Diamond (TSE:LUC) stock price target increased to $3.50, issued a research note today by BMO Capital Markets

Yesterday Lucara Diamond (TSE:LUC) traded 0.51% higher at $3.95. The company’s 50-day moving average is $4.10 and its 200-day moving average is $3.66. The last closing price is up 7.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 367,545 shares of the stock traded hands, down from an average trading volume of 770,890

In a report released on 09/29/2016 BMO Capital Markets increased the stock price target of Lucara Diamond (TSE:LUC) from $3.25 to $3.50 indicating a possible downside of -0.11%.

Previously on 6/30/2016, Scotia Capital reported on Lucara Diamond (TSE:LUC) reduced the target price from $4.00 to $3.50. At the time, this indicated a possible upside of 0.01%.

See Chart Below

Lucara Diamond (TSE:LUC)

Lucara Diamond has a one year low of $1.48 and a one year high of $4.39 with a P/E ratio of 11.97 LUC’s total market value is presently $0.

A total of 8 analysts have released a research note on Lucara Diamond. Three analysts rating the company a strong buy, one analyst rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $2.81.

More About Lucara Diamond (TSE:LUC)

Lucara Diamond Corp. is a diamond mining company focused on Africa. The Company's business consists of the acquisition, exploration, development and operation of diamond properties. The Company's primary segments are based on individual diamond properties, being the Karowe Mine and Corporate. The Corporate office provides support to Karowe Mine with respect to sales, treasury and finance, technical support, regulatory reporting and corporate administration. The principal assets of the Company and the focus of the Company's operations, development and exploration activities reside in Botswana. Its land holdings include Karowe Diamond License, Prospecting License No. 371/2014 and Prospecting License No. 367/2014. The prospecting licenses are located within a distance of approximately 15 kilometers and 30 kilometers from the Karowe Diamond mine.

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