Jefferies Financial Group Issues Positive Forecast for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its price objective upped by Jefferies Financial Group from C$3.00 to C$3.50 in a research note released on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares increased their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Finally, Raymond James raised their target price on Calibre Mining from C$3.25 to C$4.00 in a report on Friday. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$3.56.

Calibre Mining Stock Performance

Shares of TSE CXB opened at C$2.75 on Friday. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97. Calibre Mining has a one year low of C$1.73 and a one year high of C$3.34. The business’s 50-day moving average price is C$2.94 and its two-hundred day moving average price is C$2.61. The company has a market capitalization of C$1.66 billion, a P/E ratio of 51.43 and a beta of 2.08.

Calibre Mining Company Profile

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.