Raymond James Issues Positive Forecast for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its price target raised by Raymond James from C$3.25 to C$4.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. 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 report on Tuesday, February 11th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Finally, Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$3.56.

Calibre Mining Price Performance

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

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.