FY2024 EPS Estimates for Calibre Mining Corp. Lifted by Cormark (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Research analysts at Cormark boosted their FY2024 earnings estimates for shares of Calibre Mining in a report released on Tuesday, April 23rd. Cormark analyst N. Dion now anticipates that the company will post earnings of $0.19 per share for the year, up from their prior estimate of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their target price 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. Canaccord Genuity Group boosted their target price on shares of Calibre Mining from C$3.00 to C$3.75 in a report on Tuesday. BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the company an “outperform” rating in a report on Wednesday, April 17th. Stifel Nicolaus upped their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Friday, April 19th. Finally, TD Securities upped their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$1.83 on Thursday. 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 cap of C$1.32 billion, a PE ratio of 7.63 and a beta of 2.06. The company has a current ratio of 2.21, a quick ratio of 0.97 and a debt-to-equity ratio of 3.72. The company’s fifty day moving average price is C$1.72 and its 200-day moving average price is C$1.47.

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.