FY2024 EPS Estimates for Calibre Mining Decreased by Analyst

Calibre Mining Corp. (TSE:CXB) – Analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Calibre Mining in a research note issued to investors on Thursday, November 7th. Cormark analyst N. Dion now anticipates that the company will post earnings of $0.10 per share for the year, down from their previous estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other brokerages have also recently issued reports on CXB. Stifel Nicolaus reduced their price objective on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Raymond James boosted their price target on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. National Bankshares decreased their price objective on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. TD Securities dropped their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday. Finally, Scotiabank upped their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$3.43.

Calibre Mining Price Performance

Shares of CXB opened at C$2.29 on Friday. The firm has a market cap of C$1.81 billion, a P/E ratio of 16.36 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.90. The firm’s 50-day simple moving average is C$2.55 and its 200 day simple moving average is C$2.22.

Calibre Mining (TSE:CXB) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The firm 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%.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’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. In related 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 Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In the last three months, insiders have purchased 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 currently 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.