BMO Capital Markets Analysts Give Calibre Mining (CVE:CXB) a C$2.00 Price Target

Calibre Mining (CVE:CXB) has been given a C$2.00 target price by research analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 244.83% from the stock’s previous close.

CXB has been the subject of several other research reports. Jefferies Financial Group set a C$2.00 price objective on Calibre Mining and gave the stock a “buy” rating in a report on Thursday, February 29th. TD Securities increased their price objective on Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a report on Monday, January 29th. Raymond James increased their price objective on Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. Stifel Nicolaus set a C$2.25 price objective on Calibre Mining and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, National Bankshares set a C$2.00 price objective on Calibre Mining and gave the stock a “sector perform” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Calibre Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$2.14.

Calibre Mining Trading Down 4.9 %

Shares of CXB stock opened at C$0.58 on Wednesday. Calibre Mining has a 1-year low of C$0.30 and a 1-year high of C$0.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94. The business has a 50-day moving average of C$0.58 and a 200 day moving average of C$0.58. The stock has a market capitalization of C$26.00 million and a PE ratio of -11.84.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.