Cormark Decreases Earnings Estimates for Calibre Mining

Calibre Mining Corp. (TSE:CXB) – Investment analysts at Cormark cut their FY2024 EPS estimates for Calibre Mining in a report issued on Monday, October 21st. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.11 for the year, down from their prior estimate of $0.19. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Cormark also issued estimates for Calibre Mining’s FY2025 earnings at $0.25 EPS.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. TD Securities cut their price objective on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating on the stock in a report on Monday, October 21st. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Canaccord Genuity Group increased their target price on Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Finally, Scotiabank boosted their price target on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Calibre Mining has an average rating of “Buy” and an average target price of C$3.32.

Calibre Mining Stock Performance

Shares of Calibre Mining stock opened at C$2.60 on Thursday. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock’s fifty day moving average price is C$2.51 and its 200-day moving average price is C$2.17. The firm has a market cap of C$2.05 billion, a P/E ratio of 18.50 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90.

Calibre Mining (TSE:CXB) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting the consensus estimate of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The company had revenue of C$187.89 million for the quarter.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. In the last quarter, insiders acquired 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.

About Calibre Mining

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.