Calibre Mining (TSE:CXB) Price Target Raised to C$3.75 at Canaccord Genuity Group

Calibre Mining (TSE:CXB) had its target price lifted by Canaccord Genuity Group from C$3.00 to C$3.75 in a report issued on Tuesday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. National Bankshares dropped 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 increased their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. TD Securities increased their price objective on shares of 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. BMO Capital Markets set a C$2.00 price objective on shares of Calibre Mining and gave the stock an outperform rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group increased their price objective on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a buy rating in a research report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Calibre Mining has an average rating of Moderate Buy and a consensus price target of C$2.49.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$1.86 on Tuesday. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.00. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21. The company has a 50 day moving average price of C$1.71 and a 200 day moving average price of C$1.47. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 7.75 and a beta of 2.06.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.02. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. The firm had revenue of C$206.40 million during the quarter. Sell-side analysts anticipate that Calibre Mining will post 0.2030769 EPS for the current 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.