Brokerages Set Calibre Mining Corp. (TSE:CXB) Target Price at C$3.43

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$3.43.

CXB has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Raymond James boosted their price objective on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. TD Securities cut their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bankshares decreased their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

Calibre Mining Stock Performance

CXB opened at C$2.16 on Monday. Calibre Mining has a 12-month low of C$1.18 and a 12-month high of C$2.90. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 15.43 and a beta of 2.08. The stock’s 50 day moving average price is C$2.37 and its two-hundred day moving average price is C$2.27. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

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.