Brokerages Set Calibre Mining Corp. (TSE:CXB) Target Price at C$3.46

Shares of Calibre Mining Corp. (TSE:CXB) have earned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$3.56.

Several equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the stock a “buy” rating in a research note on Thursday, January 30th. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. National Bankshares lifted their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group increased their target price on Calibre Mining from C$3.00 to C$3.50 in a research note on Friday.

Calibre Mining Trading Down 7.1 %

TSE:CXB opened at C$2.75 on Wednesday. Calibre Mining has a 12-month low of C$1.73 and a 12-month high of C$3.34. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The stock’s 50 day simple moving average is C$2.94 and its 200-day simple moving average is C$2.61. The firm has a market cap of C$1.66 billion, a P/E ratio of 51.43 and a beta of 2.08.

About Calibre Mining

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.