Calibre Mining (TSE:CXB) Price Target Raised to C$3.75 at TD Securities

Calibre Mining (TSE:CXB) had its price objective upped by TD Securities from C$3.00 to C$3.75 in a research note published on Friday, BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Cormark raised their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. National Bankshares raised shares of Calibre Mining from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$2.85 to C$4.00 in a report on Thursday, October 10th. Raymond James boosted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Canaccord Genuity Group increased their price objective on Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Finally, Scotiabank boosted their target price on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$3.36.

Calibre Mining Trading Down 3.0 %

TSE:CXB opened at C$2.60 on Friday. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The stock’s fifty day moving average price is C$2.48 and its two-hundred day moving average price is C$2.16. 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 cap of C$2.05 billion, a P/E ratio of 18.57 and a beta of 2.08.

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 business had revenue of C$187.89 million for the quarter. As a group, analysts expect that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Activity at Calibre Mining

In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the 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 Kristian Dagsaan sold 30,000 shares of the business’s 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 transaction of C$80,103.00. Over the last 90 days, insiders have bought 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. 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.