Stifel Canada Predicts Calibre Mining Q3 Earnings

Calibre Mining Corp. (TSE:CXB) – Stock analysts at Stifel Canada issued their Q3 2024 EPS estimates for Calibre Mining in a note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts 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. Stifel Canada also issued estimates for Calibre Mining’s FY2024 earnings at $0.18 EPS.

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

Several other equities research analysts have also commented on the stock. Stifel Nicolaus reduced their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday. Raymond James upped their price objective on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Jefferies Financial Group boosted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Cormark increased their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Finally, TD Securities decreased their price target on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating on the stock in a research note on Monday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$3.32.

Calibre Mining Stock Performance

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

Insider Buying and Selling at Calibre Mining

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 stock in a transaction dated 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 the last three months, insiders have bought 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. 6.32% of the stock is currently owned by corporate 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.