Calibre Mining (TSE:CXB) Hits New 12-Month High – Should You Buy?

Calibre Mining Corp. (TSE:CXB)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$2.88 and last traded at C$2.86, with a volume of 203950 shares trading hands. The stock had previously closed at C$2.80.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CXB. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group lifted their price target on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Scotiabank lifted their price target on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, Cormark lifted their price target on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Calibre Mining currently has an average rating of “Buy” and an average price target of C$3.12.

Calibre Mining Stock Up 2.1 %

The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market capitalization of C$2.26 billion, a P/E ratio of 20.43 and a beta of 2.08. The stock has a 50-day moving average price of C$2.38 and a 200-day moving average price of C$2.11.

Calibre Mining (TSE:CXB) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting 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 during the quarter. On average, research analysts predict that Calibre Mining Corp. will post 0.3914328 EPS for the current fiscal year.

Insiders Place Their Bets

In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Over the last three months, insiders acquired 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is currently owned by corporate insiders.

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.