Calibre Mining Corp. (TSE:CXB) Receives C$3.46 Average Price Target from Analysts

Calibre Mining Corp. (TSE:CXB) has been given a consensus recommendation of “Buy” by the six research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$3.43.

A number of equities research analysts have commented on the company. National Bankshares lowered their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Scotiabank increased their target price on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Raymond James increased their target price on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Cormark increased their target price on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Finally, TD Securities lowered their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the 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. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Over the last quarter, insiders have acquired 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. Insiders own 6.32% of the company’s stock.

Calibre Mining Stock Performance

CXB opened at C$2.29 on Friday. The stock has a market cap of C$1.81 billion, a P/E ratio of 16.36 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The stock’s 50 day simple moving average is C$2.55 and its 200 day simple moving average is C$2.22. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.90.

Calibre Mining (TSE:CXB) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The business had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. As a group, equities analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

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.