Calibre Mining (TSE:CXB) Price Target Raised to C$2.25

Calibre Mining (TSE:CXB) had its price target boosted by analysts at Jefferies Financial Group from C$2.00 to C$2.25 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 20.97% from the company’s current price.

CXB has been the topic of a number of other reports. BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. National Bankshares lowered their price objective on shares of Calibre Mining from C$2.50 to C$2.40 in a research report on Friday, April 19th. Raymond James lifted their price objective on shares of Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th. Stifel Nicolaus lifted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. Finally, TD Securities raised their target price on Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$2.49.

Calibre Mining Stock Up 2.2 %

Shares of TSE:CXB opened at C$1.86 on Monday. The firm’s 50 day moving average price is C$1.71 and its 200 day moving average price is C$1.47. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 7.75 and a beta of 2.06. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.00. The company has a quick ratio of 0.97, a current ratio of 2.21 and a debt-to-equity ratio of 3.72.

Calibre Mining (TSE:CXB) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$206.40 million for the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. As a group, equities research analysts predict that Calibre Mining will post 0.2030769 earnings per share for the current fiscal year.

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.