Raymond James Forecasts Strong Price Appreciation for Calibre Mining (TSE:CXB) Stock

Calibre Mining (TSE:CXB) had its price target increased by investment analysts at Raymond James from C$3.25 to C$4.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 45.45% from the stock’s current price.

Other research analysts also recently issued reports about the company. National Bankshares lifted their target price on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Ventum Financial set a C$3.30 price target on Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Calibre Mining currently has an average rating of “Buy” and a consensus target price of C$3.56.

Calibre Mining Stock Performance

TSE CXB opened at C$2.75 on Friday. The firm has a market cap of C$1.66 billion, a P/E ratio of 51.43 and a beta of 2.08. Calibre Mining has a 52-week low of C$1.73 and a 52-week high of C$3.34. The business’s 50-day moving average price is C$2.94 and its 200 day moving average price is C$2.61. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70.

Calibre Mining Company Profile

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.