Analysts Set Calibre Mining Corp (CVE:CXB) PT at C$2.17

Calibre Mining Corp (CVE:CXB) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$2.24.

CXB has been the topic of several analyst reports. Jefferies Financial Group set a C$2.00 price target on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, February 29th. Raymond James raised their price target on Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th. Stifel Nicolaus raised their price target on Calibre Mining from C$2.25 to C$2.50 in a research report on Friday. BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Securities raised their price target on Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research report on Monday, January 29th.

Calibre Mining Price Performance

Calibre Mining stock opened at C$0.58 on Wednesday. The business’s 50-day simple moving average is C$0.58 and its 200 day simple moving average is C$0.58. The stock has a market cap of C$26.00 million and a price-to-earnings ratio of -11.84. Calibre Mining has a 12-month low of C$0.30 and a 12-month high of C$0.75. The company has a quick ratio of 6.94, a current ratio of 7.18 and a debt-to-equity ratio of 1.08.

Calibre Mining Company Profile

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.