Stifel Canada Predicts Calibre Mining Q3 Earnings

Calibre Mining Corp. (TSE:CXB) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for shares of Calibre Mining in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Stifel Canada also issued estimates for Calibre Mining’s FY2024 earnings at $0.18 EPS.

A number of other research firms have also issued reports on CXB. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. TD Securities dropped their price objective on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating for the company in a report on Monday. Scotiabank upped their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Raymond James upped their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Finally, Cormark upped their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Calibre Mining presently has an average rating of “Buy” and a consensus price target of C$3.32.

Calibre Mining Price Performance

Shares of TSE CXB opened at C$2.59 on Wednesday. The firm has a market cap of C$2.04 billion, a PE ratio of 18.71 and a beta of 2.08. The firm has a fifty day moving average of C$2.50 and a 200 day moving average of C$2.17. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.90.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The firm had revenue of C$187.89 million during the quarter.

Insider Transactions at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s 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. Also, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Over the last quarter, insiders have acquired 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Corporate 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.