Ventum Financial Reiterates C$3.30 Price Target for Calibre Mining (TSE:CXB)

Calibre Mining (TSE:CXB) received a C$3.30 price objective from Ventum Financial in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s target price indicates a potential upside of 24.53% from the stock’s previous close.

A number of other analysts have also recently issued reports on CXB. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares reduced their target price on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Stifel Nicolaus reduced their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Finally, TD Securities reduced their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Calibre Mining presently has an average rating of “Buy” and an average target price of C$3.40.

Calibre Mining Price Performance

Shares of CXB traded up C$0.10 during mid-day trading on Thursday, hitting C$2.65. The company’s stock had a trading volume of 381,051 shares, compared to its average volume of 1,852,630. The firm has a 50-day moving average price of C$2.34 and a 200 day moving average price of C$2.35. The stock has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 18.93 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a fifty-two week low of C$1.33 and a fifty-two week high of C$2.90.

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.