Scotiabank Decreases Earnings Estimates for Calibre Mining

Calibre Mining Corp. (TSE:CXB) – Stock analysts at Scotiabank dropped their FY2024 earnings estimates for shares of Calibre Mining in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will earn $0.08 per share for the year, down from their previous forecast of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Several other research firms also recently weighed in on CXB. TD Securities decreased their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bankshares cut their price target on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a report on Thursday, January 9th. Stifel Nicolaus decreased their price objective on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Calibre Mining presently has a consensus rating of “Buy” and a consensus target price of C$3.41.

Calibre Mining Stock Performance

CXB opened at C$2.33 on Monday. The company’s 50 day moving average is C$2.29 and its 200 day moving average is C$2.32. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of 16.64 and a beta of 2.08. Calibre Mining has a 12-month low of C$1.18 and a 12-month high of C$2.90.

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.