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Analyst Actions: Lucara Diamond Maintained with Outperform, $3.50 Target Price at BMO Capital
10:56 AM EDT, 09/26/2017 (MT Newswires) -- Lucara Diamond (LUC.TO) jumped 7% in recent trade, having been reiterated with an outperform rating and target price of $3.50 at BMO Capital.
BMO said with a unique diamond production mix from Karowe, which is known for its large and high-value diamonds, Lucara remains a premium diamond producer amongst its peers, the broker believes.
BMO reduced its 2017 EPS to $0.21 while keeping its 2018 estimate at $0.15.