Calibre Mining Corp. (TSE:CXB – Get Free Report) shares traded down 6.1% on Friday . The stock traded as low as C$2.55 and last traded at C$2.62. 977,810 shares were traded during trading, a decline of 63% from the average session volume of 2,669,489 shares. The stock had previously closed at C$2.79.
Analyst Upgrades and Downgrades
Several brokerages have commented on CXB. Canaccord Genuity Group lifted their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Jefferies Financial Group increased their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank increased their price target on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Finally, Stifel Nicolaus lifted their target price on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$3.12.
View Our Latest Analysis on Calibre Mining
Calibre Mining Stock Down 5.4 %
Calibre Mining (TSE:CXB – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.04. The firm had revenue of C$187.89 million during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. On average, equities analysts predict that Calibre Mining Corp. will post 0.3914328 earnings per share for the current year.
Insider Activity
In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In other news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In the last quarter, insiders have purchased 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. Corporate insiders own 6.32% of the company’s stock.
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.
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