Calibre Mining (TSE:CXB) Price Target Raised to C$2.25

Calibre Mining (TSE:CXB) had its target price hoisted by Jefferies Financial Group from C$2.00 to C$2.25 in a report released on Monday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. 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. BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the stock an outperform rating in a report on Wednesday, April 17th. Raymond James upped their price target on shares of Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. TD Securities raised their price target on Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$2.49.

Calibre Mining Price Performance

TSE CXB opened at C$1.83 on Monday. The company has a 50 day moving average price of C$1.72 and a two-hundred day moving average price of C$1.47. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.00. The stock has a market capitalization of C$1.32 billion, a PE ratio of 7.63 and a beta of 2.06. The company has a quick ratio of 0.97, a current ratio of 2.21 and a debt-to-equity ratio of 3.72.

Calibre Mining (TSE:CXB) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$206.40 million during the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. As a group, equities analysts predict that Calibre Mining will post 0.2030769 earnings per share 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.