Analysts Issue Forecasts for Calibre Mining FY2024 Earnings

Calibre Mining Corp. (TSE:CXB) – Stock analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for Calibre Mining in a research note issued to investors on Monday, October 21st. Cormark analyst N. Dion now anticipates that the company will post earnings of $0.11 per share for the year, down from their prior estimate of $0.19. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Cormark also issued estimates for Calibre Mining’s FY2025 earnings at $0.25 EPS.

Several other equities research analysts also recently weighed in on the company. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares reduced their price target on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James increased their price target on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Canaccord Genuity Group increased their price target on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Finally, Scotiabank increased their price objective on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Calibre Mining has an average rating of “Buy” and an average target price of C$3.32.

Calibre Mining Trading Down 1.9 %

Shares of CXB stock opened at C$2.57 on Thursday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The stock’s 50 day simple moving average is C$2.50 and its two-hundred day simple moving average is C$2.17. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The company has a market cap of C$2.03 billion, a PE ratio of 18.36 and a beta of 2.08.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The business had revenue of C$187.89 million for the quarter.

Insider Buying and Selling at Calibre Mining

In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. In the last 90 days, insiders have purchased 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.

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.