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

Lucara Diamond (TSE:LUC) had its price objective dropped by stock analysts at BMO Capital Markets from C$0.60 to C$0.50 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 11.11% from the company’s current price.

Lucara Diamond Price Performance

Shares of LUC opened at C$0.45 on Friday. The firm has a market capitalization of C$207.23 million, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of -0.81 and a beta of 1.38. 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 one year low of C$0.29 and a one year high of C$0.63. The stock’s fifty day moving average is C$0.47 and its 200-day moving average is C$0.39.

About Lucara Diamond

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.