Calibre Mining (TSE:CXB) PT Raised to C$3.50

Calibre Mining (TSE:CXB) had its price objective lifted by equities research analysts at Jefferies Financial Group from C$2.75 to C$3.50 in a report issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 32.08% from the stock’s current price.

Several other equities research analysts have also commented on the company. Cormark upped their price target on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Stifel Nicolaus increased their target price on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Raymond James lifted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Scotiabank increased their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Finally, Canaccord Genuity Group raised their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$2.98.

Calibre Mining Price Performance

CXB opened at C$2.65 on Friday. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.81. The company’s 50 day simple moving average is C$2.32 and its 200 day simple moving average is C$2.08. The stock has a market capitalization of C$2.09 billion, a PE ratio of 18.93 and a beta of 2.08. 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 (TSE:CXB) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. The company had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. As a group, sell-side analysts expect that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Activity

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. Over the last three months, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Insiders own 6.32% of the company’s stock.

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.