Calibre Mining (TSE:CXB) Hits New 1-Year High – Here’s Why

Calibre Mining Corp. (TSE:CXB)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.03 and last traded at C$3.00, with a volume of 870703 shares changing hands. The stock had previously closed at C$2.93.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. Stifel Nicolaus reduced their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bankshares upped their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Securities reduced their price objective on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Finally, Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Calibre Mining has a consensus rating of “Buy” and a consensus target price of C$3.46.

Calibre Mining Stock Up 2.0 %

The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 55.92 and a beta of 2.08. The business has a fifty day simple moving average of C$2.41 and a 200 day simple moving average of C$2.40. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97.

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.