Brokers Offer Predictions for Calibre Mining FY2024 Earnings

Calibre Mining Corp. (TSE:CXB) – Equities research analysts at Scotiabank reduced their FY2024 earnings per share estimates for shares of Calibre Mining in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.08 per share for the year, down from their prior estimate of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other equities analysts have also issued reports on CXB. National Bankshares reduced their target price on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus decreased their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. TD Securities decreased their target price on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Jefferies Financial Group upped their target price on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Finally, 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Calibre Mining has a consensus rating of “Buy” and a consensus price target of C$3.41.

Calibre Mining Stock Performance

CXB stock opened at C$2.37 on Monday. Calibre Mining has a 1-year low of C$1.18 and a 1-year high of C$2.90. The business has a 50-day moving average price of C$2.30 and a 200 day moving average price of C$2.31. The company has a market capitalization of C$1.87 billion, a P/E ratio of 16.93 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97.

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.