Calibre Mining Corp. (TSE:CXB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Calibre Mining Corp. (TSE:CXBGet Free Report) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$2.65.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Calibre Mining from C$2.00 to C$3.00 in a research report on Thursday, May 16th. Jefferies Financial Group lifted their price objective on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bankshares raised their price target on shares of Calibre Mining from C$2.40 to C$2.60 and gave the stock a “sector perform” rating in a research report on Friday, May 17th. Scotiabank boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.75 in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group raised their target price on shares of Calibre Mining from C$3.00 to C$3.75 in a report on Tuesday, April 23rd.

Read Our Latest Stock Analysis on Calibre Mining

Insider Buying and Selling at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$2.10, for a total transaction of C$31,500.00. 16.14% of the stock is currently owned by company insiders.

Calibre Mining Trading Up 0.5 %

TSE CXB opened at C$1.84 on Thursday. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 10.22 and a beta of 2.07. The company has a debt-to-equity ratio of 44.76, a current ratio of 2.16 and a quick ratio of 0.97. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.34. The company’s fifty day moving average price is C$1.99 and its two-hundred day moving average price is C$1.64.

Calibre Mining (TSE:CXBGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.02). The company had revenue of C$177.80 million for the quarter. Calibre Mining had a return on equity of 10.32% and a net margin of 11.47%.

About Calibre Mining

(Get Free Report

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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Analyst Recommendations for Calibre Mining (TSE:CXB)

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