Luca Mining (CVE:LUCA) Given a C$3.25 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial assigned a C$3.25 price target and an "outperform" rating on Luca Mining, implying roughly a 127% upside from the prior close.
• Luca traded at C$1.43 (up C$0.08) on Wednesday with 575,090 shares changing hands (above its 457,389 average), a market cap of C$385.62M, a negative P/E of -23.83 and a beta of 1.63.
• The company reported quarterly EPS of C($0.01), down from $0.04 in the same quarter a year earlier.

Luca Mining (CVE:LUCA - Get Free Report) has been given a C$3.25 price objective by equities researchers at National Bank Financial in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price target indicates a potential upside of 127.27% from the stock's previous close.

Luca Mining Price Performance

CVE LUCA traded up C$0.08 during trading on Wednesday, reaching C$1.43. 575,090 shares of the company's stock were exchanged, compared to its average volume of 457,389. The company has a market capitalization of C$385.62 million, a price-to-earnings ratio of -23.83 and a beta of 1.63. Luca Mining has a 1 year low of C$1.09 and a 1 year high of C$2.16.

Luca Mining (CVE:LUCA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. During the same period in the prior year, the firm earned $0.04 earnings per share.

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