Raymond James Forecasts Lower Earnings for Calibre Mining

Calibre Mining Corp. (TSE:CXB) – Equities research analysts at Raymond James decreased their FY2024 earnings per share estimates for shares of Calibre Mining in a note issued to investors on Wednesday, January 8th. Raymond James analyst F. Hamed now expects that the company will earn $0.10 per share for the year, down from their prior estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bankshares cut their price target on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Thursday. TD Securities lowered their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group upped their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$3.41.

Calibre Mining Trading Down 2.9 %

TSE:CXB opened at C$2.37 on Friday. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 16.93 and a beta of 2.08. Calibre Mining has a 1 year low of C$1.18 and a 1 year high of C$2.90. The stock has a fifty day moving average price of C$2.30 and a two-hundred day moving average price of C$2.30. 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 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.