Calibre Mining (TSE:CXB) Price Target Cut to C$4.40 by Analysts at Stifel Nicolaus

Calibre Mining (TSE:CXB) had its price objective dropped by stock analysts at Stifel Nicolaus from C$5.00 to C$4.40 in a report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 67.94% from the company’s current price.

Other equities research analysts have also issued research reports about the company. National Bankshares upgraded Calibre Mining from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$2.85 to C$4.00 in a research report on Thursday, October 10th. Canaccord Genuity Group upped their target price on Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. TD Securities upped their target price on Calibre Mining from C$3.00 to C$3.75 in a research report on Friday, October 18th. Cormark increased their price target on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Finally, National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Calibre Mining currently has an average rating of “Buy” and a consensus price target of C$3.36.

Calibre Mining Stock Up 0.8 %

TSE:CXB opened at C$2.62 on Monday. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The stock’s 50 day moving average price is C$2.49 and its two-hundred day moving average price is C$2.16. The firm has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 18.71 and a beta of 2.08.

Calibre Mining (TSE:CXB) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter. Equities research analysts expect that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. In other Calibre Mining 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 value of C$512,228.40. Also, 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 value of C$80,103.00. Over the last ninety days, insiders bought 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Company insiders own 6.32% of the company’s stock.

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.