Calibre Mining Corp. (TSE:CXB) Receives C$3.43 Average Target Price from Analysts

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$3.43.

CXB has been the subject of several analyst reports. Jefferies Financial Group raised their target price on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Stifel Nicolaus lowered their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. National Bankshares reduced their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Cormark boosted their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th.

Calibre Mining Stock Performance

CXB opened at C$2.13 on Monday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90. The company’s 50 day moving average price is C$2.40 and its two-hundred day moving average price is C$2.28. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 15.21 and a beta of 2.08.

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.