Calibre Mining (TSE:CXB) Price Target Raised to C$4.00 at National Bankshares

Calibre Mining (TSE:CXB) had its price objective hoisted by National Bankshares from C$3.40 to C$4.00 in a research note released on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other brokerages have also weighed in on CXB. TD Securities lowered their price objective on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Finally, Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$3.46.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.95 on Tuesday. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of 21.07 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The business’s 50 day moving average is C$2.39 and its two-hundred day moving average is C$2.39. Calibre Mining has a 52-week low of C$1.33 and a 52-week high of C$3.01.

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.