FY2024 EPS Estimates for Calibre Mining Corp. (TSE:CXB) Increased by Analyst

Calibre Mining Corp. (TSE:CXB) – Analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Calibre Mining in a note issued to investors on Wednesday, October 9th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.24 per share for the year, up from their prior forecast of $0.20. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s FY2025 earnings at $0.52 EPS and FY2026 earnings at $0.67 EPS.

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

Several other brokerages also recently weighed in on CXB. Cormark boosted their price objective on Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Jefferies Financial Group increased their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Stifel Nicolaus increased their target price on Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Raymond James increased their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Finally, Scotiabank increased their price objective on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$3.12.

Calibre Mining Stock Up 2.1 %

Shares of TSE CXB opened at C$2.86 on Monday. The firm has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 20.43 and a beta of 2.08. The business has a 50-day moving average of C$2.38 and a 200-day moving average of C$2.12. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90.

Insider Transactions at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction that occurred 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. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction that occurred 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. Over the last quarter, insiders have purchased 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Corporate 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.