Calibre Mining (TSE:CXB) Given New C$3.40 Price Target at National Bankshares

Calibre Mining (TSE:CXB) had its price target trimmed by National Bankshares from C$3.60 to C$3.40 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on CXB. TD Securities cut their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. 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. Finally, National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Calibre Mining presently has a consensus rating of “Buy” and a consensus target price of C$3.41.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.37 on Thursday. Calibre Mining has a 12-month low of C$1.18 and a 12-month high of C$2.90. The stock has a market capitalization of C$1.87 billion, a P/E ratio of 16.93 and a beta of 2.08. The firm’s 50 day moving average is C$2.30 and its 200-day moving average is C$2.31. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97.

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.