Calibre Mining Corp. (TSE:CXB) Receives C$3.40 Consensus Price Target from Brokerages

Calibre Mining Corp. (TSE:CXB) has been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$3.46.

A number of research analysts have recently weighed in on CXB shares. National Bankshares raised their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a report on Tuesday. TD Securities cut their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th.

Calibre Mining Trading Up 4.1 %

Shares of TSE CXB opened at C$3.05 on Tuesday. The business has a 50 day simple moving average of C$2.41 and a 200 day simple moving average of C$2.40. Calibre Mining has a 52 week low of C$1.34 and a 52 week high of C$3.06. The stock has a market cap of C$1.84 billion, a price-to-earnings ratio of 57.04 and a beta of 2.08. The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06.

Calibre Mining Company Profile

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.