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The action of Lucara Diamond (TSE: LUC) was deemed "purchaser" by Canaccord Genuity badysts a note issued to investors on Thursday, July 5, of which the Price target is currently $ 2.45 CAD. Canaccord Genuity's price target suggests a 10.86% upside potential over current stock price
. The $ 3.25 price index on Lucara Diamond gave an "outperformance" rating to the stock in a research report on Tuesday, May 15th.
TSE LUC traded $ 0.02 C on Thursdays to C $ 2.21. Lucara Diamond recorded its lowest level in a year, C $ 1.97 and an annual high of C $ 2.91.
Lucara Diamond (TSE: LUC) released its quarterly results on Tuesday, May 8th. The company reported earnings per share (EPS) of C $ 0.03 for the quarter. Diamond had a return on equity of 55.25% and a net margin of 42.23%. The company achieved a turnover of 32.08 million Canadian dollars for the quarter.
About Lucara Diamond
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, the development and exploitation of diamond properties in Africa. It holds 100% interest in the Karowe Mine covering an area of 15.3 km2, as well as three prospecting permits located in Botswana. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.
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