Calibre Mining (TSE:CXB) Trading Down 1% – Here’s Why

Shares of Calibre Mining Corp. (TSE:CXB) fell 1% during trading on Monday . The stock traded as low as C$2.83 and last traded at C$2.89. 2,933,956 shares were traded during trading, a decline of 10% from the average session volume of 3,273,771 shares. The stock had previously closed at C$2.92.

Analyst Upgrades and Downgrades

Several research firms recently commented on CXB. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus upped their price target on shares of Calibre Mining from C$4.00 to C$4.50 in a research report on Monday, April 21st. Jefferies Financial Group upped their price target on shares of Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. National Bankshares upped 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 research report on Tuesday, February 11th. Finally, Raymond James upped their price target on shares of Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$3.63.

Calibre Mining Trading Down 1.0%

The stock has a market cap of C$1.74 billion, a price-to-earnings ratio of 54.05 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. The company’s 50 day simple moving average is C$3.08 and its two-hundred day simple moving average is C$2.71.

Calibre Mining Company Profile

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.