Insider Selling: Calibre Mining Corp. (TSE:CXB) Senior Officer Sells C$512,228.40 in Stock

Calibre Mining Corp. (TSE:CXB) Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40.

Marco Dacosta Galego also recently made the following trade(s):

• On Friday, September 13th, Marco Dacosta Galego sold 2,801 shares of Calibre Mining stock. The stock was sold at an average price of C$2.41, for a total transaction of C$6,736.41.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$2.65 on Monday. The firm has a market cap of C$2.09 billion, a price-to-earnings ratio of 18.93 and a beta of 2.07. The company’s 50 day moving average is C$2.27 and its 200 day moving average is C$2.05. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. Calibre Mining Corp. has a 52-week low of C$1.16 and a 52-week high of C$2.81.

Calibre Mining (TSE:CXB) last announced its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The company had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. On average, sell-side analysts anticipate that Calibre Mining Corp. will post 0.3934192 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on CXB. Cormark lifted their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Stifel Nicolaus lifted their target price on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank boosted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.75 in a research report on Friday, July 12th. Finally, Raymond James upped their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.