Luca Mining (CVE:LUCA) Price Target Cut to C$2.75 by Analysts at Stifel Nicolaus

Luca Mining (CVE:LUCA) had its price target decreased by equities research analysts at Stifel Nicolaus from C$3.25 to C$2.75 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 139.13% from the company’s current price.

Separately, National Bank Financial cut their target price on Luca Mining from C$2.50 to C$2.40 and set an “outperform” rating for the company in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$2.88.

Luca Mining Stock Up 4.5%

Shares of CVE:LUCA traded up C$0.05 during trading on Thursday, hitting C$1.15. 871,176 shares of the stock were exchanged, compared to its average volume of 792,390. Luca Mining has a 1-year low of C$0.80 and a 1-year high of C$2.16. The stock has a market capitalization of C$316.51 million, a P/E ratio of -115.00 and a beta of 1.04. The company has a fifty day moving average price of C$1.08.

Insider Buying and Selling at Luca Mining

In other news, insider Adam Melnyk sold 46,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of C$1.09, for a total transaction of C$50,685.00. Following the completion of the sale, the insider owned 40,000 shares of the company’s stock, valued at approximately C$43,600. This trade represents a 53.76% decrease in their ownership of the stock.