Calibre Mining Corp. to Post FY2024 Earnings of $0.19 Per Share, Raymond James Forecasts (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Analysts at Raymond James lifted their FY2024 earnings estimates for Calibre Mining in a research report issued to clients and investors on Monday, July 22nd. Raymond James analyst F. Hamed now expects that the company will earn $0.19 per share for the year, up from their previous estimate of $0.15. Raymond James also issued estimates for Calibre Mining’s FY2025 earnings at $0.38 EPS.

Calibre Mining (TSE:CXB) last announced its earnings results on Tuesday, May 14th. The company reported C$0.02 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%.

Several other analysts also recently commented on the stock. BMO Capital Markets increased their target price on shares of Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. Scotiabank raised their price objective on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Thursday, May 23rd. Canaccord Genuity Group raised their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Finally, Jefferies Financial Group raised their price objective on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$2.73.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$2.04 on Wednesday. The firm has a 50-day moving average of C$1.99 and a 200-day moving average of C$1.77. The company has a market cap of C$1.61 billion, a P/E ratio of 11.33 and a beta of 2.07. The company has a debt-to-equity ratio of 44.76, a current ratio of 2.16 and a quick ratio of 0.97. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.34.

Insiders Place Their Bets

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