Calibre Mining (TSE:CXB) Hits New 52-Week High – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s share price reached a new 52-week high on Thursday . The company traded as high as C$3.21 and last traded at C$3.21, with a volume of 468283 shares traded. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. National Bankshares raised their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. TD Securities reduced their target price on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$3.46.

Calibre Mining Stock Down 2.8 %

The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70. The business has a 50-day moving average price of C$2.49 and a two-hundred day moving average price of C$2.44. The firm has a market cap of C$1.86 billion, a PE ratio of 57.79 and a beta of 2.08.

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.