Jefferies Financial Group Increases Calibre Mining (TSE:CXB) Price Target to C$2.75

Calibre Mining (TSE:CXB) had its price target upped by Jefferies Financial Group from C$2.25 to C$2.75 in a research note issued to investors on Friday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Scotiabank boosted their price objective on Calibre Mining from C$2.25 to C$2.75 in a report on Thursday, May 23rd. National Bankshares boosted their price objective on Calibre Mining from C$2.40 to C$2.60 and gave the company a sector perform rating in a report on Friday, May 17th. Stifel Nicolaus boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Raymond James boosted their target price on Calibre Mining from C$2.25 to C$2.50 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group boosted their target price on Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$2.71.

Calibre Mining Trading Up 0.9 %

Shares of TSE CXB opened at C$2.15 on Friday. The company has a current ratio of 2.16, a quick ratio of 0.97 and a debt-to-equity ratio of 44.76. The stock has a market capitalization of C$1.69 billion, a PE ratio of 11.94 and a beta of 2.07. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.34. The stock has a fifty day simple moving average of C$1.99 and a 200-day simple moving average of C$1.73.

Calibre Mining (TSE:CXB) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.02). The firm had revenue of C$177.80 million during the quarter. Calibre Mining had a net margin of 11.47% and a return on equity of 10.32%.

Insider Transactions at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$2.10, for a total transaction of C$31,500.00. In other news, Director Darren John Hall bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of C$1.81 per share, with a total value of C$45,250.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. In the last ninety days, insiders acquired 28,500 shares of company stock valued at $51,620. 16.14% of the stock is currently owned by corporate insiders.

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.