Calibre Mining Corp (CVE:CXB) Receives Average Rating of “Moderate Buy” from Analysts

Calibre Mining Corp (CVE:CXB) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$2.17.

CXB has been the subject of several recent analyst reports. Raymond James boosted their price objective on Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. BMO Capital Markets set a C$2.00 price target on shares of Calibre Mining and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities increased their price target on shares of Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a report on Monday, January 29th. National Bankshares set a C$2.00 price objective on shares of Calibre Mining and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus set a C$2.25 target price on Calibre Mining and gave the company a “buy” rating in a research note on Tuesday, March 19th.

Insider Activity

In related news, Director Darren John Hall acquired 25,000 shares of Calibre Mining stock in a transaction dated Friday, January 19th. The shares were purchased at an average cost of C$1.22 per share, with a total value of C$30,450.00. In the last 90 days, insiders acquired 29,000 shares of company stock valued at $37,090.

Calibre Mining Price Performance

CVE CXB traded down C$0.03 during trading on Wednesday, reaching C$0.58. The company’s stock had a trading volume of 22,000 shares, compared to its average volume of 32,942. The firm has a fifty day moving average of C$0.58 and a 200 day moving average of C$0.58. Calibre Mining has a one year low of C$0.30 and a one year high of C$0.75. The stock has a market capitalization of C$26.00 million and a PE ratio of -11.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94.

Calibre Mining Company Profile

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.