Royal Bank of Canada Lowers Lucara Diamond (LUC) to Sector Perform

Royal Bank of Canada cut shares of Lucara Diamond (TSE:LUC) from an outperform rating to a sector perform rating in a research note released on Wednesday. They currently have C$2.90 price target on the stock, down from their previous price target of C$3.00.

Lucara Diamond (TSE:LUC) opened at C$2.59 on Wednesday. Lucara Diamond has a 12 month low of C$2.18 and a 12 month high of C$3.31. The stock has a market cap of $988.77, a P/E ratio of 10.36 and a beta of 1.04.

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About Lucara Diamond

Lucara Diamond Corp. is a diamond mining company focused in Africa. The Company’s business consists of the acquisition, exploration, development and operation of diamond properties. Its segments include Karowe Mine, and Corporate and other. The Company holds a 100% interest in the Karowe Mine and three prospecting licenses located in Botswana.

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