Calibre Mining (TSE:CXB) Shares Down 1.8% – Here’s Why

Calibre Mining Corp. (TSE:CXB)’s share price fell 1.8% during mid-day trading on Thursday . The company traded as low as C$2.13 and last traded at C$2.15. 2,228,045 shares changed hands during trading, a decline of 14% from the average session volume of 2,602,517 shares. The stock had previously closed at C$2.19.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. National Bankshares lowered their price objective on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Raymond James lifted their price target on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Stifel Nicolaus decreased their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. TD Securities dropped their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Finally, Cormark increased their price target on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$3.43.

Calibre Mining Price Performance

The stock has a 50 day moving average of C$2.45 and a 200-day moving average of C$2.27. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock has a market capitalization of C$1.70 billion, a P/E ratio of 15.36 and a beta of 2.08.

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.