Calibre Mining (TSE:CXB) Given New C$2.75 Price Target at Jefferies Financial Group

Calibre Mining (TSE:CXB) had its price objective boosted by Jefferies Financial Group from C$2.25 to C$2.75 in a report released on Friday morning, BayStreet.CA reports.

CXB has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on shares of Calibre Mining from C$2.00 to C$3.00 in a research note on Thursday, May 16th. National Bankshares boosted their target price on shares of Calibre Mining from C$2.40 to C$2.60 and gave the stock a sector perform rating in a research note on Friday, May 17th. Raymond James boosted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. Finally, Scotiabank upped their price objective on shares of Calibre Mining from C$2.25 to C$2.75 in a research note on Thursday, May 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$2.71.

Calibre Mining Stock Up 0.9 %

Calibre Mining stock opened at C$2.15 on Friday. The company has a current ratio of 2.16, a quick ratio of 0.97 and a debt-to-equity ratio of 44.76. The stock’s fifty day simple moving average is C$1.99 and its 200-day simple moving average is C$1.73. The firm has a market capitalization of C$1.69 billion, a P/E ratio of 11.94 and a beta of 2.07. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.34.

Calibre Mining (TSE:CXB) last issued its earnings results on Tuesday, May 14th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). The firm had revenue of C$177.80 million for the quarter. Calibre Mining had a return on equity of 10.32% and a net margin of 11.47%.

Insider Transactions at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. In other news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. Also, Director Darren John Hall bought 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of C$1.81 per share, with a total value of C$45,250.00. Over the last quarter, insiders acquired 28,500 shares of company stock worth $51,620. Company insiders own 16.14% of the company’s stock.

About Calibre Mining

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.