Calibre Mining (TSE:CXB) Price Target Raised to C$2.75 at Scotiabank

Calibre Mining (TSE:CXB) had its price target lifted by Scotiabank from C$2.25 to C$2.75 in a research note issued to investors on Thursday, BayStreet.CA reports.

Several other research analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of Calibre Mining from C$2.00 to C$3.00 in a research note on Thursday, May 16th. Jefferies Financial Group raised 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 research report on Monday, April 22nd. National Bankshares upped their price objective on Calibre Mining from C$2.40 to C$2.60 and gave the stock a sector perform rating in a research report on Friday, May 17th. Canaccord Genuity Group boosted their target price on Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their price target 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. According to MarketBeat.com, Calibre Mining has an average rating of Moderate Buy and a consensus target price of C$2.65.

Calibre Mining Trading Up 3.4 %

Shares of TSE CXB opened at C$2.15 on Thursday. The company has a current ratio of 2.16, a quick ratio of 0.97 and a debt-to-equity ratio of 44.76. The stock has a market capitalization of C$1.69 billion, a PE ratio of 11.94 and a beta of 2.07. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.34. The stock has a fifty day simple moving average of C$1.92 and a 200-day simple moving average of C$1.58.

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.