National Bankshares Has Lowered Expectations for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its target price dropped by research analysts 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 suggests a potential upside of 38.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lowered their price objective on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Jefferies Financial Group increased their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Securities dropped their price objective on Calibre Mining from C$3.50 to C$3.25 in a research report 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$3.41.

Calibre Mining Stock Up 1.7 %

Shares of Calibre Mining stock traded up C$0.04 during trading on Thursday, hitting C$2.46. 1,191,181 shares of the stock were exchanged, compared to its average volume of 1,468,091. The firm’s 50-day moving average price is C$2.31 and its 200 day moving average price is C$2.30. 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 stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 17.57 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.