Calibre Mining Corp. Forecasted to Earn FY2024 Earnings of $0.23 Per Share (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Research analysts at Stifel Canada lowered their FY2024 earnings estimates for shares of Calibre Mining in a report released on Monday, September 9th. Stifel Canada analyst I. Rico now forecasts that the company will post earnings per share of $0.23 for the year, down from their prior estimate of $0.25. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Stifel Canada also issued estimates for Calibre Mining’s FY2025 earnings at $0.50 EPS.

Several other research firms have also commented on CXB. Stifel Nicolaus boosted their price target on Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Raymond James raised their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. National Bankshares lifted their price target on shares of Calibre Mining from C$2.40 to C$2.60 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. Finally, Cormark upped their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Calibre Mining presently has an average rating of “Moderate Buy” and an average target price of C$2.90.

Calibre Mining Price Performance

CXB stock opened at C$2.54 on Thursday. The firm has a market cap of C$2.00 billion, a P/E ratio of 18.14 and a beta of 2.07. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.56. The stock has a 50-day simple moving average of C$2.16 and a 200-day simple moving average of C$1.98.

Calibre Mining (TSE:CXB) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$187.89 million during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%.

Insider Buying and Selling at Calibre Mining

In related news, Director Darren John Hall bought 25,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of C$1.81 per share, with a total value of C$45,250.00. Insiders have purchased 40,550 shares of company stock worth $76,994 in the last ninety days. 6.32% of the stock is owned by insiders.

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.