Calibre Mining (TSE:CXB – Free Report) had its target price trimmed by TD Securities from C$3.75 to C$3.50 in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other equities research analysts have also recently issued reports about the company. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cormark increased their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Scotiabank lifted their price objective on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Canaccord Genuity Group raised their target price on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Finally, Raymond James increased their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. 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 an average price target of C$3.32.
Read Our Latest Analysis on Calibre Mining
Calibre Mining Stock Down 1.9 %
Calibre Mining (TSE:CXB – Get Free Report) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. The business had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. On average, analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current year.
Insider Activity
In related news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s 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 the last quarter, insiders bought 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.
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.
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