Calibre Mining (TSE:CXB) Price Target Cut to C$4.40

Calibre Mining (TSE:CXB) had its target price reduced by equities researchers at Stifel Nicolaus from C$5.00 to C$4.40 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 67.94% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CXB. Canaccord Genuity Group raised their target price on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Cormark lifted their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Raymond James lifted their price objective on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Scotiabank lifted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$3.36.

Calibre Mining Stock Up 0.8 %

CXB stock opened at C$2.62 on Monday. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The company has a market capitalization of C$2.07 billion, a P/E ratio of 18.71 and a beta of 2.08. The firm has a 50 day simple moving average of C$2.49 and a 200-day simple moving average of C$2.16.

Calibre Mining (TSE:CXB) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. On average, equities research analysts predict that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Transactions at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s 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 transaction of C$38,385.00. In other news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s 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 transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. Over the last three months, insiders acquired 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Corporate insiders own 6.32% of the company’s stock.

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.