Calibre Mining (TSE:CXB) Given New C$3.50 Price Target at TD Securities

Calibre Mining (TSE:CXB) had its price target reduced by TD Securities from C$3.75 to C$3.50 in a research note issued to investors on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares raised Calibre Mining from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$2.85 to C$4.00 in a research note on Thursday, October 10th. Raymond James upped their price objective on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Stifel Nicolaus reduced their target price on Calibre Mining from C$5.00 to C$4.40 in a report on Monday. Finally, Jefferies Financial Group upped their price target on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$3.36.

Calibre Mining Price Performance

Calibre Mining stock opened at C$2.60 on Monday. The business’s 50-day simple moving average is C$2.48 and its 200 day simple moving average is C$2.16. 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 stock has a market cap of C$2.05 billion, a price-to-earnings ratio of 18.57 and a beta of 2.08. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.90.

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

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction 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. Over the last 90 days, insiders have acquired 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. 6.32% of the stock is currently owned by insiders.

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.