Raymond James Cuts Earnings Estimates for Calibre Mining

Calibre Mining Corp. (TSE:CXB) – Raymond James reduced their FY2024 earnings per share (EPS) estimates for Calibre Mining in a research note issued on Wednesday, January 8th. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Other equities analysts also recently issued research reports about the stock. TD Securities decreased their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, National Bankshares cut their target price on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a report on Thursday. Five equities 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.com, Calibre Mining currently has an average rating of “Buy” and an average price target of C$3.41.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.37 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The stock has a 50 day moving average price of C$2.30 and a 200 day moving average price of C$2.31. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 16.93 and a beta of 2.08. Calibre Mining has a 52-week low of C$1.18 and a 52-week high of C$2.90.

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.