Calibre Mining Q3 EPS Cut by National Bank Financial

Calibre Mining Corp. (TSE:CXB) – Equities researchers at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Calibre Mining in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.08. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s FY2024 earnings at $0.15 EPS and FY2025 earnings at $0.50 EPS.

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

A number of other research analysts also recently issued reports on CXB. TD Securities decreased their price objective on Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating for the company in a report on Monday, October 21st. Stifel Nicolaus lowered their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Scotiabank increased their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. National Bankshares lowered their price target on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Cormark increased their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$3.46.

Calibre Mining Stock Performance

CXB opened at C$2.60 on Friday. The company has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 18.57 and a beta of 2.08. The business’s 50-day moving average price is C$2.52 and its two-hundred day moving average price is C$2.18. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97.

Insider Activity

In related news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. 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 stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’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 ninety days, insiders have bought 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. 6.32% of the stock is owned by insiders.

Calibre Mining Company Profile

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.