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

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$3.46.

A number of equities research analysts have recently weighed in on the stock. National Bankshares dropped their price target on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Finally, Cormark increased their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th.

Calibre Mining Stock Performance

Shares of TSE CXB opened at C$2.46 on Friday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The firm has a market cap of C$1.94 billion, a price-to-earnings ratio of 17.57 and a beta of 2.08. The stock’s fifty day moving average price is C$2.54 and its two-hundred day moving average price is C$2.20. 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 released 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 net margin of 9.30% and a return on equity of 7.54%. The business had revenue of C$187.89 million for the quarter. On average, equities analysts forecast that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Transactions at Calibre Mining

In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 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 Kevin James Riley sold 15,000 shares of the business’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 90 days, insiders purchased 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.