Calibre Mining Corp. (TSE:CXB) Receives C$3.46 Consensus Target Price from Analysts

Calibre Mining Corp. (TSE:CXB) has been given an average recommendation of “Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$3.46.

A number of equities research analysts have recently issued reports on CXB shares. National Bankshares boosted their target price on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Calibre Mining Stock Up 1.7 %

Shares of Calibre Mining stock opened at C$2.99 on Friday. The stock’s fifty day moving average is C$2.68 and its 200-day moving average is C$2.52. The firm has a market capitalization of C$1.80 billion, a PE ratio of 55.92 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70. Calibre Mining has a 12-month low of C$1.61 and a 12-month high of C$3.27.

About Calibre Mining

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.