Calibre Mining (TSE:CXB) PT Raised to C$3.00 at Stifel Nicolaus

Calibre Mining (TSE:CXB) had its price target hoisted by Stifel Nicolaus from C$2.50 to C$3.00 in a research report report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Raymond James lifted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Cormark lifted their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a report on Monday. Scotiabank raised their price target on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. Finally, BMO Capital Markets raised their target price on Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Calibre Mining currently has an average rating of Moderate Buy and a consensus target price of C$2.90.

Calibre Mining Stock Up 2.2 %

CXB stock opened at C$2.28 on Tuesday. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.40. The firm has a market cap of C$1.80 billion, a PE ratio of 17.54 and a beta of 2.07. The firm’s 50 day moving average price is C$2.13 and its 200-day moving average price is C$1.97. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. The company 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%. On average, equities research analysts anticipate that Calibre Mining will post 0.1980886 EPS for the current year.

Insider Buying and Selling at Calibre Mining

In other news, Director Darren John Hall purchased 25,000 shares of the stock in a transaction on Monday, June 24th. The stock was bought at an average price of C$1.81 per share, for a total transaction of C$45,250.00. Insiders have purchased 40,550 shares of company stock valued at $76,994 in the last quarter. Corporate insiders own 6.32% 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.