Cormark Predicts Calibre Mining’s FY2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Equities research analysts at Cormark lowered their FY2024 earnings estimates for shares of Calibre Mining in a report issued on Monday, October 21st. Cormark analyst N. Dion now anticipates that the company will earn $0.11 per share for the year, down from their previous estimate of $0.19. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Cormark also issued estimates for Calibre Mining’s FY2025 earnings at $0.25 EPS.

Calibre Mining (TSE:CXB) last released its quarterly earnings data 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 during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%.

A number of other equities analysts have also weighed in on the stock. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their price objective on Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus reduced their target price on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Scotiabank increased their price target on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group lifted their price objective on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$3.32.

Calibre Mining Trading Up 0.4 %

CXB stock opened at C$2.60 on Thursday. The company has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 18.50 and a beta of 2.08. 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 1-year low of C$1.16 and a 1-year high of C$2.90. The business has a 50 day simple moving average of C$2.51 and a two-hundred day simple moving average of C$2.17.

Insider Transactions at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the 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. In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the business’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 value of C$38,385.00. In the last 90 days, insiders purchased 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Company 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.