Calibre Mining Corp. (TSE:CXB) Receives C$2.65 Average PT from Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$2.65.

A number of brokerages have recently weighed in on CXB. Canaccord Genuity Group raised their price objective on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. BMO Capital Markets boosted their price target on Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. National Bankshares increased their price objective on Calibre Mining from C$2.40 to C$2.60 and gave the company a “sector perform” rating in a research note on Friday, May 17th. Raymond James boosted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus raised their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Friday, April 19th.

Insider Activity

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. In other news, Director Darren John Hall acquired 25,000 shares of Calibre Mining stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of C$1.81 per share, with a total value of C$45,250.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. Insiders purchased a total of 28,500 shares of company stock valued at $51,620 in the last 90 days. 16.14% of the stock is currently owned by insiders.

Calibre Mining Stock Performance

CXB opened at C$1.94 on Monday. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.34. The stock has a market cap of C$1.53 billion, a P/E ratio of 10.78 and a beta of 2.07. The stock’s 50 day simple moving average is C$1.98 and its 200 day simple moving average is C$1.69. The company has a debt-to-equity ratio of 44.76, a current ratio of 2.16 and a quick ratio of 0.97.

Calibre Mining (TSE:CXB) last posted its earnings results on Tuesday, May 14th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.02). The firm had revenue of C$177.80 million during the quarter. Calibre Mining had a net margin of 11.47% and a return on equity of 10.32%.

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.