Calibre Mining Corp. (TSE:CXB) Receives C$3.46 Average PT from Analysts

Shares of Calibre Mining Corp. (TSE:CXB) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.56.

CXB has been the subject of several analyst reports. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Raymond James increased their price objective on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday. 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 note on Tuesday, February 11th. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group boosted their price objective on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday.

Calibre Mining Stock Down 7.1 %

Shares of TSE:CXB opened at C$2.75 on Wednesday. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 51.43 and a beta of 2.08. The business’s 50 day moving average is C$2.94 and its 200 day moving average is C$2.61. Calibre Mining has a 12-month low of C$1.73 and a 12-month high of C$3.34. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70.

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.