Calibre Mining (TSE:CXB) Price Target Cut to C$3.40 by Analysts at National Bankshares

Calibre Mining (TSE:CXB) had its price target lowered by National Bankshares from C$3.60 to C$3.40 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on CXB. TD Securities decreased their price objective on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus cut their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Finally, Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$3.41.

Calibre Mining Stock Up 0.8 %

CXB stock opened at C$2.44 on Thursday. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 17.43 and a beta of 2.08. The business’s 50 day moving average price is C$2.30 and its two-hundred day moving average price is C$2.30.

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.