National Bank Financial Estimates Calibre Mining Q3 Earnings

Calibre Mining Corp. (TSE:CXB) – Stock analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for shares of Calibre Mining in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.08. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s FY2024 earnings at $0.15 EPS and FY2025 earnings at $0.50 EPS.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate 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%.

CXB has been the topic of several other research reports. Jefferies Financial Group lifted their price target on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. TD Securities cut their price target on Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus cut their price target on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday. Raymond James lifted their price target on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Finally, National Bankshares cut their price target on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$3.32.

Calibre Mining Price Performance

CXB stock opened at C$2.59 on Friday. The stock has a market cap of C$2.04 billion, a price-to-earnings ratio of 18.71 and a beta of 2.08. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.90. The business has a 50 day moving average price of C$2.50 and a 200 day moving average price of C$2.17. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

Insider Activity

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Over the last three months, insiders have purchased 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. Company insiders own 6.32% of the company’s stock.

Calibre Mining Company Profile

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.