Calibre Mining (TSE:CXB) Trading Down 1.8% – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s share price was down 1.8% during mid-day trading on Thursday . The stock traded as low as C$2.13 and last traded at C$2.15. Approximately 2,228,045 shares changed hands during trading, a decline of 14% from the average daily volume of 2,602,517 shares. The stock had previously closed at C$2.19.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CXB shares. Raymond James raised their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Cormark boosted their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. TD Securities lowered their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Jefferies Financial Group lifted their price target on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, National Bankshares decreased their price objective on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$3.43.

Calibre Mining Price Performance

The stock has a 50-day moving average price of C$2.45 and a two-hundred day moving average price of C$2.27. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of 15.36 and a beta of 2.08.

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.