Calibre Mining Corp. (TSE:CXB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Calibre Mining Corp. (TSE:CXB) have received an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$3.40.

A number of equities research analysts have issued reports on CXB shares. TD Securities cut their target price on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. National Bankshares reduced their price objective on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Stifel Nicolaus dropped their target price on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Finally, Ventum Financial set a C$3.30 price target on Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th.

Calibre Mining Price Performance

Shares of CXB opened at C$2.95 on Tuesday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 21.07 and a beta of 2.08. The business’s 50-day moving average is C$2.38 and its 200-day moving average is C$2.38. Calibre Mining has a fifty-two week low of C$1.33 and a fifty-two week high of C$2.95.

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.