Analysts Issue Forecasts for Calibre Mining FY2024 Earnings

Calibre Mining Corp. (TSE:CXB) – Investment analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of Calibre Mining in a note issued to investors on Wednesday, January 8th. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.10 per share for the year, down from their previous forecast of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Several other research analysts have also recently issued reports on CXB. Stifel Nicolaus lowered their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. National Bankshares dropped their price target on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Securities reduced their price objective on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Calibre Mining presently has a consensus rating of “Buy” and an average price target of C$3.41.

Calibre Mining Price Performance

Calibre Mining stock opened at C$2.37 on Friday. 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 company has a fifty day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30. The stock has a market cap of C$1.87 billion, a P/E ratio of 16.93 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.

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.