TD Securities Issues Pessimistic Forecast for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its target price reduced by equities researchers at TD Securities from C$3.50 to C$3.25 in a research note issued on Wednesday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 41.92% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Cormark boosted their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Jefferies Financial Group upped their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Raymond James lifted their target price on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Scotiabank lifted their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$3.43.

Calibre Mining Stock Performance

TSE:CXB opened at C$2.29 on Wednesday. The firm’s fifty day simple moving average is C$2.55 and its 200 day simple moving average is C$2.21. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The firm has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 16.29 and a beta of 2.08.

Calibre Mining (TSE:CXB) last issued its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The company had revenue of C$187.89 million during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. As a group, equities research analysts expect that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Transactions at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. In the last quarter, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 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.