Calibre Mining Corp. (TSE:CXB) Given Consensus Rating of “Buy” by Brokerages

Calibre Mining Corp. (TSE:CXB) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$3.43.

A number of research firms have weighed in on CXB. Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bankshares decreased their target price on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Raymond James raised their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Finally, Cormark upped their price objective on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$2.16 on Monday. The firm has a market capitalization of C$1.70 billion, a PE ratio of 15.43 and a beta of 2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. Calibre Mining has a 1-year low of C$1.18 and a 1-year high of C$2.90. The business’s 50 day moving average is C$2.44 and its 200-day moving average is C$2.27.

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.