National Bankshares Issues Pessimistic Forecast for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its target price lowered by equities researchers at National Bankshares from C$3.60 to C$3.40 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 43.46% from the company’s previous close.

A number of other research firms have also issued reports on CXB. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Securities lowered their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Finally, Stifel Nicolaus lowered their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$3.41.

Calibre Mining Stock Down 2.9 %

Shares of Calibre Mining stock opened at C$2.37 on Thursday. The company has a fifty day moving average price of C$2.30 and a 200 day moving average price of C$2.30. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. Calibre Mining has a twelve month low of C$1.18 and a twelve month high of C$2.90. The stock has a market cap of C$1.87 billion, a price-to-earnings ratio of 16.93 and a beta of 2.08.

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.