Luca Mining (CVE:LUCA) Stock Gets Price Target Trim from Stifel Nicolaus

Luca Mining (CVE:LUCA) had its price target lowered by Stifel Nicolaus from C$3.25 to C$2.75 in a report published on Thursday,BayStreet reports. The brokerage currently has a buy rating on the stock.

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

Luca Mining Price Performance

CVE:LUCA opened at C$1.18 on Thursday. Luca Mining has a 12-month low of C$0.80 and a 12-month high of C$2.16. The company has a market cap of C$324.76 million, a price-to-earnings ratio of -118.00 and a beta of 1.04. The business has a fifty day moving average of C$1.09.

Insider Transactions at Luca Mining

In other news, insider Israel Fernando Munoz Abrego acquired 30,000 shares of Luca Mining stock in a transaction that occurred on Friday, October 16th. The shares were acquired at an average price of C$1.17 per share, with a total value of C$35,100.00. Following the purchase, the insider directly owned 76,500 shares of the company’s stock, valued at C$89,505. The trade was a 64.52% increase in their ownership of the stock. Also, insider Adam Melnyk sold 46,500 shares of Luca Mining stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of C$1.09, for a total transaction of C$50,685.00. Following the transaction, the insider directly owned 40,000 shares in the company, valued at C$43,600. The trade was a 53.76% decrease in their position. Over the last ninety days, insiders bought 100,000 shares of company stock valued at $111,900.