TD Securities Cuts Calibre Mining (TSE:CXB) Price Target to C$3.25

Calibre Mining (TSE:CXB) had its price target lowered by TD Securities from C$3.50 to C$3.25 in a report issued on Wednesday,BayStreet.CA reports.

A number of other research analysts have also issued reports on the stock. Raymond James raised their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Canaccord Genuity Group raised their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Cormark raised their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Scotiabank increased their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Finally, National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$3.43.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.29 on Wednesday. The company’s fifty day moving average is C$2.55 and its 200-day moving average is C$2.21. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of 16.36 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting 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. Equities analysts expect that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

Insider Buying and Selling at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction dated 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 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 the last ninety days, insiders purchased 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.