TD Securities Lowers Calibre Mining (TSE:CXB) Price Target to C$3.50

Calibre Mining (TSE:CXB) had its target price decreased by TD Securities from C$3.75 to C$3.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 33.59% from the stock’s previous close.

A number of other brokerages also recently issued reports on CXB. Stifel Nicolaus decreased their price target on Calibre Mining from C$5.00 to C$4.40 in a report on Monday. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Raymond James upped their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Scotiabank upped their target price on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, National Bankshares raised Calibre Mining from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$2.85 to C$4.00 in a research note on Thursday, October 10th. Six equities 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, Calibre Mining currently has a consensus rating of “Buy” and an average target price of C$3.36.

Calibre Mining Trading Up 0.8 %

Calibre Mining stock opened at C$2.62 on Monday. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.90. The company has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 18.71 and a beta of 2.08. The stock has a 50-day moving average price of C$2.49 and a 200 day moving average price of C$2.16.

Calibre Mining (TSE:CXB) last released its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The firm had revenue of C$187.89 million during the quarter. Sell-side analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Buying and Selling at Calibre Mining

In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction 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 value of C$80,103.00. In the last three months, insiders purchased 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is owned by company insiders.

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.