National Bankshares Lowers Calibre Mining (TSE:CXB) Price Target to C$3.40

Calibre Mining (TSE:CXB) had its price target cut by stock analysts at National Bankshares from C$3.60 to C$3.40 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 43.46% from the stock’s current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group increased their price target on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. TD Securities dropped their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price target on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$3.41.

Calibre Mining Stock Down 2.9 %

Shares of TSE:CXB opened at C$2.37 on Thursday. Calibre Mining has a 1-year low of C$1.18 and a 1-year high of C$2.90. The company’s fifty day moving average is C$2.30 and its two-hundred day moving average is C$2.30. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 16.93 and a beta of 2.08.

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.