Cormark Research Analysts Decrease Earnings Estimates for Calibre Mining Corp. (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Cormark dropped their FY2025 EPS estimates for Calibre Mining in a report released on Monday, September 9th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.35 per share for the year, down from their previous forecast of $0.40. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The firm had revenue of C$187.89 million during the quarter.

A number of other brokerages also recently issued reports on CXB. BMO Capital Markets upped their price objective on shares of Calibre Mining from C$2.00 to C$3.00 in a research report on Thursday, May 16th. Scotiabank upped their target price on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Raymond James lifted their price target on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Canaccord Genuity Group upped their price objective on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group raised their target price on Calibre Mining from C$2.25 to C$2.75 in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$2.90.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$2.26 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock has a market cap of C$1.78 billion, a PE ratio of 17.38 and a beta of 2.07. The stock’s fifty day simple moving average is C$2.14 and its two-hundred day simple moving average is C$1.97. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.40.

Insider Buying and Selling at Calibre Mining

In other Calibre Mining news, Director Darren John Hall acquired 25,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were acquired at an average cost of C$1.81 per share, with a total value of C$45,250.00. Insiders have bought a total of 40,550 shares of company stock worth $76,994 over the last ninety days. 6.32% of the stock is currently owned by company insiders.

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.