Research Analysts Issue Forecasts for Calibre Mining Corp.’s FY2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Cormark decreased their FY2024 earnings per share (EPS) estimates for Calibre Mining in a report released on Monday, June 24th. Cormark analyst N. Dion now forecasts that the company will earn $0.15 per share for the year, down from their previous forecast of $0.16.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.02). Calibre Mining had a net margin of 11.47% and a return on equity of 10.32%. The firm had revenue of C$177.80 million during the quarter.

Several other research firms have also recently issued reports on CXB. BMO Capital Markets boosted their target price on Calibre Mining from C$2.00 to C$3.00 in a research report on Thursday, May 16th. Scotiabank upped their price objective on Calibre Mining from C$2.25 to C$2.75 in a report on Thursday, May 23rd. Raymond James raised their target price on Calibre Mining from C$2.25 to C$2.50 in a report on Tuesday, April 23rd. Canaccord Genuity Group upped their price target on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. Finally, National Bankshares raised their price objective on shares of Calibre Mining from C$2.40 to C$2.60 and gave the company a “sector perform” rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$2.65.

Calibre Mining Trading Up 1.1 %

Shares of Calibre Mining stock opened at C$1.77 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 2.16 and a debt-to-equity ratio of 44.76. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 9.83 and a beta of 2.07. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.34. The company’s 50-day simple moving average is C$1.98 and its 200-day simple moving average is C$1.67.

Insider Buying and Selling at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. In other news, Director Darren John Hall acquired 25,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of C$1.81 per share, for a total transaction of C$45,250.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. Insiders acquired 28,500 shares of company stock worth $51,620 in the last 90 days. 16.14% of the stock is owned by company insiders.

About Calibre Mining

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.