National Bankshares Cuts Calibre Mining (TSE:CXB) Price Target to C$3.40

Calibre Mining (TSE:CXB) had its target price reduced by National Bankshares from C$3.60 to C$3.40 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on CXB. Stifel Nicolaus dropped their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upped their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Finally, TD Securities dropped their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$3.41.

Calibre Mining Stock Up 0.8 %

Shares of Calibre Mining stock opened at C$2.44 on Thursday. 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 has a twelve month low of C$1.18 and a twelve month high of C$2.90. The company has a market cap of C$1.93 billion, a price-to-earnings ratio of 17.43 and a beta of 2.08. The company’s 50 day moving average is C$2.30 and its 200 day moving average is C$2.30.

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.