Calibre Mining (TSE:CXB) Shares Up 4.9% – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s share price was up 4.9% on Thursday . The stock traded as high as C$3.00 and last traded at C$2.98. Approximately 2,188,883 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 3,084,166 shares. The stock had previously closed at C$2.84.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. National Bankshares raised their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised their price target on Calibre Mining from C$3.00 to C$3.50 in a report on Friday, April 4th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Raymond James raised their price objective on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday, April 4th. Finally, Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$3.56.

Calibre Mining Stock Up 5.7 %

The company’s 50 day simple moving average is C$2.98 and its 200-day simple moving average is C$2.62. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The firm has a market cap of C$1.90 billion, a P/E ratio of 59.10 and a beta of 2.08.

Calibre Mining Company Profile

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.