Cormark Equities Analysts Boost Earnings Estimates for Calibre Mining Corp. (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for Calibre Mining in a research note issued to investors on Tuesday, April 23rd. Cormark analyst N. Dion now expects that the company will post earnings of $0.19 per share for the year, up from their previous forecast of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Several other brokerages also recently issued reports on CXB. Jefferies Financial Group upped their price target on Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Monday, April 22nd. BMO Capital Markets set a C$2.00 price objective on Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. TD Securities boosted their price objective 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. National Bankshares cut their price objective on Calibre Mining from C$2.50 to C$2.40 in a research report on Friday, April 19th. Finally, Raymond James boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Calibre Mining currently has an average rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Trading Up 1.6 %

Shares of Calibre Mining stock opened at C$1.90 on Thursday. The stock has a fifty day simple moving average of C$1.73 and a 200 day simple moving average of C$1.48. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.00. The company has a market capitalization of C$1.37 billion, a P/E ratio of 7.92 and a beta of 2.06. The company has a current ratio of 2.21, a quick ratio of 0.97 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 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.02. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. The business had revenue of C$206.40 million during the quarter.

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.