National Bankshares Cuts Calibre Mining (TSE:CXB) Price Target to C$3.40

Calibre Mining (TSE:CXB) had its price objective lowered by National Bankshares from C$3.60 to C$3.40 in a research report report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. TD Securities decreased their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Finally, National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$3.41.

Calibre Mining Stock Performance

TSE CXB opened at C$2.37 on Thursday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a 1-year low of C$1.18 and a 1-year high of C$2.90. The firm has a market capitalization of C$1.87 billion, a P/E ratio of 16.93 and a beta of 2.08. The business’s 50-day simple moving average is C$2.30 and its 200-day simple moving average is C$2.31.

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.