Calibre Mining Corp. (TSE:CXB) Receives C$3.43 Consensus Price Target from Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have been given an average rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$3.43.

CXB has been the subject of a number of recent analyst reports. Raymond James lifted their target price on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Scotiabank upped their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Jefferies Financial Group raised their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Cormark upped their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Finally, TD Securities dropped their price objective on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$2.50 on Thursday. The firm’s 50 day moving average is C$2.51 and its 200 day moving average is C$2.25. The stock has a market capitalization of C$1.97 billion, a P/E ratio of 17.86 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.18 and a 12 month high of C$2.90. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

Insider Activity at Calibre Mining

In related news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. In the last 90 days, insiders have sold 232,721 shares of company stock 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.