Calibre Mining Q3 EPS Cut by National Bank Financial

Calibre Mining Corp. (TSE:CXB) – Investment analysts at National Bank Financial dropped their Q3 2024 EPS estimates for shares of Calibre Mining in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.08. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s FY2024 earnings at $0.15 EPS and FY2025 earnings at $0.50 EPS.

Calibre Mining (TSE:CXB) last announced its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%.

A number of other research firms have also weighed in on CXB. Canaccord Genuity Group lifted their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus reduced their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Raymond James increased their price objective on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. National Bankshares reduced their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Cormark raised their price target on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$3.32.

Calibre Mining Stock Up 0.4 %

Shares of TSE:CXB opened at C$2.60 on Friday. The business has a fifty day moving average price of C$2.51 and a two-hundred day moving average price of C$2.17. 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$2.05 billion, a PE ratio of 18.50 and a beta of 2.08. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90.

Insider Activity at Calibre Mining

In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. 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 value of C$512,228.40. 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.

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.