Calibre Mining (TSE:CXB) Price Target Cut to C$3.60

by · The Cerbat Gem

Calibre Mining (TSE:CXB – Get Free Report) had its price objective reduced by stock analysts at National Bankshares from C$4.00 to C$3.60 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 41.18% from the company’s previous close.

Other equities analysts have also issued reports about the stock. TD Securities lowered their price target on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating on the stock in a research report on Monday. Scotiabank increased their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Stifel Nicolaus reduced their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Raymond James lifted their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$3.32.

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Calibre Mining Price Performance

TSE:CXB traded down C$0.07 during trading hours on Wednesday, reaching C$2.55. 1,151,440 shares of the company were exchanged, compared to its average volume of 2,707,063. 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 firm has a market cap of C$2.01 billion, a PE ratio of 18.21 and a beta of 2.08. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The stock’s 50-day moving average is C$2.49 and its 200-day moving average is C$2.16.

Calibre Mining (TSE:CXB – Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The firm had revenue of C$187.89 million during the quarter. On average, sell-side analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Activity at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Over the last 90 days, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is owned by insiders.

About Calibre Mining

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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.

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