Analysts Set Calibre Mining Corp. (TSE:CXB) Price Target at C$3.46

Shares of Calibre Mining Corp. (TSE:CXB) have been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$3.46.

CXB has been the topic of a number of research analyst reports. National Bankshares increased their price objective on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th.

Calibre Mining Stock Down 6.1 %

Shares of Calibre Mining stock opened at C$2.79 on Friday. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of 52.18 and a beta of 2.08. The company’s 50 day moving average is C$2.65 and its 200 day moving average is C$2.51. Calibre Mining has a twelve month low of C$1.61 and a twelve month high of C$3.27. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70.

About Calibre Mining

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.