Lucara Diamond (OTCMKTS:LUCRF) had its price target increased by Berenberg Bank from $0.80 to $0.90 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 58.80% from the stock’s current price.
Separately, Scotiabank increased their price target on shares of Lucara Diamond from $0.55 to $0.70 and gave the company a “sector perform” rating in a research note on Wednesday, February 24th.
Shares of OTCMKTS LUCRF opened at $0.57 on Wednesday. Lucara Diamond has a 12-month low of $0.31 and a 12-month high of $0.83. The company has a 50-day moving average of $0.61 and a 200 day moving average of $0.49.
Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. The company holds 100% interests in the Karowe mine located in Botswana. It also operates a digital diamond sales platform. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp.
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