Brokerages Set Calibre Mining Corp. (TSE:CXB) Price Target at C$2.17

Calibre Mining Corp. (TSE:CXB) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$2.49.

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Calibre Mining from C$2.00 to C$2.25 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets set a C$2.00 price objective on shares of Calibre Mining and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. TD Securities boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Canaccord Genuity Group boosted their price objective on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday. Finally, National Bankshares reduced their price objective on shares of Calibre Mining from C$2.50 to C$2.40 in a research note on Friday, April 19th.

Calibre Mining Trading Up 2.2 %

TSE:CXB opened at C$1.86 on Wednesday. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.00. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21. The firm has a market cap of C$1.34 billion, a P/E ratio of 7.75 and a beta of 2.06. The firm has a 50-day simple moving average of C$1.71 and a 200-day simple moving average of C$1.47.

Calibre Mining (TSE:CXB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.02. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. The business had revenue of C$206.40 million during the quarter. Equities analysts anticipate that Calibre Mining will post 0.2030769 EPS for the current fiscal year.

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.