Brokers Set Expectations for Calibre Mining FY2024 Earnings

Calibre Mining Corp. (TSE:CXB) – Analysts at Scotiabank dropped their FY2024 earnings per share estimates for shares of Calibre Mining in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.08 for the year, down from their prior estimate of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other research analysts have also recently weighed in on the stock. TD Securities reduced their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, National Bankshares reduced their price target on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$3.41.

Calibre Mining Price Performance

Calibre Mining stock opened at C$2.24 on Monday. 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 company has a market cap of C$1.77 billion, a price-to-earnings ratio of 16.00 and a beta of 2.08. Calibre Mining has a 1 year low of C$1.18 and a 1 year high of C$2.90. The firm has a 50 day moving average price of C$2.30 and a 200 day moving average price of C$2.31.

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.