Q3 Earnings Forecast for Calibre Mining Issued By Cormark

Calibre Mining Corp. (TSE:CXB) – Stock analysts at Cormark issued their Q3 2024 earnings estimates for Calibre Mining in a research report issued to clients and investors on Monday, October 21st. Cormark analyst N. Dion anticipates that the company will earn $0.01 per share for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other analysts also recently weighed in on CXB. Canaccord Genuity Group upped their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Stifel Nicolaus decreased their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday. Raymond James raised their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Scotiabank lifted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Finally, Jefferies Financial Group lifted their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$3.32.

Calibre Mining Stock Down 1.9 %

Shares of CXB stock opened at C$2.57 on Wednesday. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. The firm’s 50-day moving average is C$2.50 and its 200-day moving average is C$2.17. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of 18.36 and a beta of 2.08. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.90.

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

Insider Activity at Calibre Mining

In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction 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. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. In the last three months, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is currently 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.