Lucara Diamond (LUC), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from Berenberg Bank’s analyst Richard Hatch, with a C$1.40 price target.
Hatch has an average return of 11.7% when recommending Lucara Diamond.
According to TipRanks.com, Hatch is ranked #739 out of 5222 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lucara Diamond with a C$1.82 average price target.
Based on Lucara Diamond’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$9.86 million. In comparison, last year the company had a net profit of C$25.43 million.
Lucara Diamond Corp. engages in the production and exploration of diamond properties. Its projects include Karowe Mine and Exploration Work Orapa Kimberlite Field. The company was founded on July 31, 1981 and is headquartered in Vancouver, Canada.
The company’s shares closed on Tuesday at C$1.46, close to its 52-week low of C$1.38.
