Ventum Financial Reiterates C$3.30 Price Target for Calibre Mining (TSE:CXB)

Calibre Mining (TSE:CXB) has been given a C$3.30 price target by Ventum Financial in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price objective would indicate a potential upside of 27.41% from the stock’s current price.

A number of other research firms have also commented on CXB. TD Securities decreased their price target on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. 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. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus dropped their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Calibre Mining has an average rating of “Buy” and an average target price of C$3.40.

Calibre Mining Price Performance

TSE:CXB opened at C$2.59 on Thursday. 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 firm has a market cap of C$2.04 billion, a PE ratio of 18.50 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.33 and a 12 month high of C$2.90. The company’s 50-day moving average price is C$2.35 and its two-hundred day moving average price is C$2.36.

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.