Calibre Mining (TSE:CXB) Shares Up 4.9% – What’s Next?

Shares of Calibre Mining Corp. (TSE:CXB) shot up 4.9% on Thursday . The company traded as high as C$3.00 and last traded at C$2.98. 1,542,354 shares traded hands during trading, a decline of 50% from the average session volume of 3,072,791 shares. The stock had previously closed at C$2.84.

Wall Street Analysts Forecast Growth

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

Calibre Mining Stock Performance

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

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.