Calibre Mining Corp. (TSE:CXB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$2.98.

A number of research analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Raymond James increased their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Canaccord Genuity Group lifted their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Scotiabank increased their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Finally, Stifel Nicolaus raised their price target on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th.

Calibre Mining Price Performance

CXB stock opened at C$2.61 on Wednesday. The company has a market capitalization of C$2.06 billion, a P/E ratio of 18.64 and a beta of 2.08. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.81. The business has a 50-day simple moving average of C$2.33 and a two-hundred day simple moving average of C$2.09. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The business had revenue of C$187.89 million for the quarter. Research analysts expect that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

Insider Buying and Selling at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred 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 news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction dated 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 the last 90 days, insiders have acquired 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.

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.