Analysts Set Calibre Mining Corp. (TSE:CXB) Price Target at C$3.43

Shares of Calibre Mining Corp. (TSE:CXB) have been given an average recommendation of “Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$3.43.

A number of equities analysts recently issued reports on CXB shares. Jefferies Financial Group increased their target price on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Cormark raised their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares lowered their target price on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Raymond James lifted their price target on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$2.13 on Monday. 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 has a 52-week low of C$1.18 and a 52-week high of C$2.90. The business’s 50 day simple moving average is C$2.40 and its two-hundred day simple moving average is C$2.28. The firm has a market cap of C$1.68 billion, a P/E ratio of 15.21 and a beta of 2.08.

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.