Calibre Mining Corp. (TSE:CXB) Receives C$2.98 Average PT from Analysts

Shares of Calibre Mining Corp. (TSE:CXB) have received a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$3.12.

A number of research analysts have recently commented on the company. Raymond James increased their price objective on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Scotiabank increased their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Canaccord Genuity Group increased their price objective on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Jefferies Financial Group raised their target price on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, National Bankshares raised Calibre Mining from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$2.85 to C$4.00 in a report on Thursday.

Insiders Place Their Bets

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In the last quarter, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Corporate insiders own 6.32% of the company’s stock.

Calibre Mining Stock Up 2.1 %

CXB opened at C$2.86 on Wednesday. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.90. The business has a 50-day moving average of C$2.38 and a 200-day moving average of C$2.12. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market capitalization of C$2.26 billion, a PE ratio of 20.43 and a beta of 2.08.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. The business had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. Equities research analysts forecast that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

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.