Calibre Mining Corp. (TSE:CXB) Receives C$2.90 Average Price Target from Analysts

Calibre Mining Corp. (TSE:CXB) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$2.90.

Several equities research analysts have commented on CXB shares. Canaccord Genuity Group upped their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Raymond James upped their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Jefferies Financial Group upped their price target on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. Stifel Nicolaus upped their price target on shares of Calibre Mining from C$2.50 to C$3.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Scotiabank raised their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th.

Calibre Mining Trading Up 3.1 %

Shares of CXB opened at C$2.62 on Friday. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.64. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The firm has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 18.71 and a beta of 2.07. The stock’s 50-day moving average price is C$2.17 and its 200 day moving average price is C$1.99.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. As a group, research analysts predict that Calibre Mining will post 0.3930435 earnings per share for the current year.

Insider Activity at Calibre Mining

In related news, Director Darren John Hall acquired 25,000 shares of the stock in a transaction dated Monday, June 24th. The shares were purchased at an average cost of C$1.81 per share, with a total value of C$45,250.00. Insiders have acquired 40,550 shares of company stock valued at $76,994 over the last ninety days. Insiders own 6.32% of the company’s stock.

Calibre Mining Company Profile

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.