Calibre Mining (TSE:CXB) Lifted to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Calibre Mining (TSE:CXB) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.

CXB has been the topic of a number of other reports. Stifel Nicolaus increased their target price on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a buy rating in a report on Tuesday, September 10th. National Bankshares raised shares of Calibre Mining from a sector perform rating to an outperform rating and increased their price objective for the stock from C$2.85 to C$4.00 in a report on Thursday. Jefferies Financial Group increased their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Scotiabank raised their price target on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their price target on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Calibre Mining presently has an average rating of Buy and a consensus price target of C$3.12.

Calibre Mining Stock Performance

Shares of TSE CXB opened at C$2.86 on Wednesday. The company has a 50-day simple moving average of C$2.38 and a 200-day simple moving average of C$2.11. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90. The company has a market cap of C$2.26 billion, a PE ratio of 20.43 and a beta of 2.08.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The business had revenue of C$187.89 million for the quarter. On average, equities analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insiders Place Their Bets

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Over the last quarter, insiders acquired 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Corporate insiders own 6.32% of the company’s stock.

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.