Calibre Mining Corp. (TSE:CXB) Given Average Rating of “Buy” by Brokerages

Calibre Mining Corp. (TSE:CXB) has earned an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$3.46.

CXB has been the subject of a number of recent analyst reports. Scotiabank upped their price target on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Jefferies Financial Group increased their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cormark raised their price objective on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Finally, Raymond James boosted their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th.

Insiders Place Their Bets

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 Calibre Mining stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. In the last three months, 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 Price Performance

Calibre Mining stock opened at C$2.46 on Friday. The business’s 50-day simple moving average is C$2.54 and its 200 day simple moving average is C$2.20. 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 stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 17.57 and a beta of 2.08. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.90.

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

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.