Insider Selling: Calibre Mining Corp. (TSE:CXB) Senior Officer Sells 15,000 Shares of Stock

Calibre Mining Corp. (TSE:CXB) Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00.

Calibre Mining Stock Up 1.9 %

CXB stock traded up C$0.05 during trading on Friday, reaching C$2.75. 18,847,830 shares of the company traded hands, compared to its average volume of 2,662,824. Calibre Mining Corp. has a 12 month low of C$1.16 and a 12 month high of C$2.81. The business has a 50 day simple moving average of C$2.22 and a 200 day simple moving average of C$2.02. The company has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 19.64 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 (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The company had revenue of C$187.89 million for the quarter. On average, equities research analysts anticipate that Calibre Mining Corp. will post 0.3930435 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CXB shares. Raymond James increased their price target on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Cormark upped their price objective on Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Jefferies Financial Group upped their price objective on Calibre Mining from C$2.25 to C$2.75 in a research report on Friday, July 12th. Scotiabank increased their price target on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Finally, Stifel Nicolaus increased 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, September 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Calibre Mining currently has an average rating of “Moderate Buy” and an average price target of C$2.90.

About Calibre Mining

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.