Lucara Diamond Corporation (LUC) Stock Price Prediction from 2024 to 2045 (Complete Information)

Lucara Diamond Corporation is a Canadian company which is involved in the mining of diamond in the diamond-rich mining land of Karowe Mine. Karaowe mine is known to be the house of type IIa diamonds, one of the chemically purest diamonds found on earth with minimal level of impurity.

After the stock got listed on Toronto Stock Exchange in 2011, the stock faced a lot of uptrends and downtrends but as we all know whatever the last performance of the stock might be, we should always make our own calculations before investing in any stock.

That’s why in this of post, we’ll provide important insights on Lucara Diamond Corporation (LUC) Stock Price Prediction from 2024 to 2045.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2024 – 2045

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Lucara Diamond Corporation (LUC) Stock Price Prediction 2024

The average price of the stock of Lucara Diamond Corporation (LUC) for 2025 will be CAD 0.595, with a high forecast of CAD 0.608, and a lower forecast of CAD 0.582.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2025

The average price of the stock of Lucara Diamond Corporation (LUC) for 2025 will be CAD 0.595, with a high forecast of CAD 0.608, and a lower forecast of CAD 0.582.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2026

The average price of the stock of Lucara Diamond Corporation (LUC) for 2026 will be CAD 0.624, with a high forecast of CAD 0.637, and a lower forecast of CAD 0.610.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2027

The average price of the stock of Lucara Diamond Corporation (LUC) for 2027 will be CAD 0.653, with a high forecast of CAD 0.668, and a lower forecast of CAD 0.640.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2028

The average price of the stock of Lucara Diamond Corporation (LUC) for 2028 will be CAD 0.685, with a high forecast of CAD 0.700, and a lower forecast of CAD 0.670.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2029

The average price of the stock of Lucara Diamond Corporation (LUC) for 2029 will be CAD 0.718, with a high forecast of CAD 0.733, and a lower forecast of CAD 0.702.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2030

The average price of the stock of Lucara Diamond Corporation (LUC) for 2030 will be CAD 0.752, with a high forecast of CAD 0.768, and a lower forecast of CAD 0.736.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2035

The average price of the stock of Lucara Diamond Corporation (LUC) for 2035 will be CAD 0.951, with a high forecast of CAD 0.971, and a lower forecast of CAD 0.931.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2040

The average price of the stock of Lucara Diamond Corporation (LUC) for 2040 will be CAD 1.202, with a high forecast of CAD 1.228, and a lower forecast of CAD 1.176.

Lucara Diamond Corporation (LUC) Stock Price Prediction 2045

The average price of the stock of Lucara Diamond Corporation (LUC) for 2045 will be CAD 1.520, with a high forecast of CAD 1.552, and a lower forecast of CAD 1.487.

Lucara Diamond Corporation (LUC) Historical Pricing:

Lucara Diamond Corporation (LUC) Stock Price 2014

The price of the shares of Lucara Diamond Corporation was at 1.70 CAD in the beginning of the year. From February to July 2014, the stock was in a upwards momentum which caused the stock to hit the price of 2.80 CAD. But from July 2014 the share price began to drop and ended up at the value of 1.88 CAD by 2014.

Lucara Diamond Corporation (LUC) Stock Price 2015

In 2015, the company marked the beginning of the year at the value of 2.18 CAD. The shares were going flat until it crashed 15% in August 2015. Again from October 2015, the shares went on another uptrend for which the stock hit the value of  2.25 CAD in December 2015.

Lucara Diamond Corporation (LUC) Stock Price 2016

In 2016, the shares of Lucara Diamond Corporation had seen a strong growth from January to May, afterwards, the stock price underwent a consolidation phase that ran for  5 months ranging from June to October. In the meantime TSX: LUC hit the high of 4.39 CAD in August 2016. It closed the year for 3.04 CAD.

Lucara Diamond Corporation (LUC) Stock Price 2017

In 2017, the shares of LUC were hit by a period of waves of downtrend. They kicked off the year at the value of 3.14 CAD, went on a downtrend but managed to trade almost at that same value till June. But from July 2017, the shares faced a second wave of downtrend which continued till October. In November & December, the shares had a bit of recovery to finally close at the value of CAD 2.81.

Lucara Diamond Corporation (LUC) Stock Price 2018

Lucara Diamond Corporation (LUC) saw some terrific dips in 2018. The stock, after a fresh start in a new year, started trading at 2.82 CAD but took a dip of 9.25% in January and 10.59% & 11.84% dip in February & March. Then the shares recovered and hit the price of 2.39 CAD in September but again went on a depth of 13.3% in November and 21.69% in a disable as it closed at the value of 1.48 CAD.

Lucara Diamond Corporation (LUC) Stock Price 2019

Lucara Diamond Corporation (LUC) lost almost 91% value of its shares in 2019. After the stock had a sharp fall in the last few months of 2018, it went on a consolidation phase that started on January 1029 and lasted till July 2019. In August 2019 the stock crashed by almost 30% and again in November the stock crashed by 24% making it close to the value of 0.85 CAD in December 2019.

Lucara Diamond Corporation (LUC) Stock Price 2020:

The sharp price decline of the stock didn’t seem to be enough for the stock as it again crashed in 2020 in the months of February and March by 19% and 39% respectively. The stock closed at the value of 0.52 CAD in December 2020.

Lucara Diamond Corporation (LUC) Stock Price 2021

TSX LUC started the year with an awkward momentum of 46% in January. After that, for the most time of the year, the stock was in a downtrend which cost the share price to end at 0.59 CAD in 2021.

Lucara Diamond Corporation (LUC) Stock Price 2022 & 2023

The picture of the stock was no different for 2022 and 2023 as compared to 2021. the ending price of the stock for the aforementioned years were 0.500 and 0.385 CAD respectively.

Technical analysis of Lucara Diamond Corporation (TSX: LUC)

Trend analysis:

From the beginning of the year 2021, TSX: LUC has undergone a downtrend. This month, the stock has gone from 0.300 CAD to a high of 0.450 CAD – which is a 110% growth in the price. The stock has seen this much rise in the price in the last few years.

Support and resistance:

Around the value of 0.500 CAD, the stock can face a strong resistance and around the value of 0.400 CAD, there is major support for the stock.

Fundamental analysis of Lucara Diamond Corporation (TSX: LUC)

Net margin:

During the Covid period, the net margin of the company was negative – which was not unpredictable for a diamond mining company. In the next two months, the net margin improved and reached almost 19%, but in 2023, the next margin went down to a negative value again (-11.38%).

Revenue:

Revenue of the company has decreased year-by-year from 2021 (288.46M CAD) to 2023 (239.40M CAD).

Disclaimer:

The stock price predictions here are speculative and not financial advice. Always consult a professional and do your own research before investing.

FAQ

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.