Calibre Mining (TSE:CXB) Given New C$3.60 Price Target at National Bankshares

Calibre Mining (TSE:CXB) had its price objective decreased by National Bankshares from C$4.00 to C$3.60 in a research note published on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts also recently weighed in on CXB. Cormark lifted their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Stifel Nicolaus decreased their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday. Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Scotiabank lifted their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, Raymond James lifted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Calibre Mining has a consensus rating of “Buy” and a consensus target price of C$3.32.

Calibre Mining Stock Down 1.9 %

Shares of TSE CXB opened at C$2.57 on Wednesday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market cap of C$2.03 billion, a P/E ratio of 18.36 and a beta of 2.08. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The firm has a 50-day simple moving average of C$2.50 and a two-hundred day simple moving average of C$2.17.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.04. The business had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. Research analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insider Activity at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining 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 transaction of C$38,385.00. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining 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. Over the last ninety days, insiders have acquired 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 corporate insiders.

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.