Cormark Comments on Calibre Mining Corp.’s Q2 2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Cormark issued their Q2 2024 earnings estimates for shares of Calibre Mining in a report issued on Wednesday, July 24th. Cormark analyst N. Dion expects that the company will post earnings per share of $0.04 for the quarter.

Several other analysts have also issued reports on CXB. National Bankshares increased their price objective on Calibre Mining from C$2.40 to C$2.60 and gave the stock a “sector perform” rating in a report on Friday, May 17th. Raymond James lifted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Scotiabank raised their price target on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Thursday, May 23rd. Finally, BMO Capital Markets upped their price objective on Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$2.73.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$2.09 on Friday. The company has a debt-to-equity ratio of 44.76, a quick ratio of 0.97 and a current ratio of 2.16. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.34. The company has a market capitalization of C$1.65 billion, a PE ratio of 11.61 and a beta of 2.07. The stock has a fifty day moving average of C$1.99 and a 200-day moving average of C$1.78.

Calibre Mining (TSE:CXB) last announced its earnings results on Tuesday, May 14th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.02). Calibre Mining had a net margin of 11.47% and a return on equity of 10.32%. The firm had revenue of C$177.80 million for the quarter.

Insider Buying and Selling

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$2.10, for a total transaction of C$31,500.00. Also, Director Darren John Hall purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average price of C$1.81 per share, for a total transaction of C$45,250.00. Insiders have purchased a total of 28,500 shares of company stock valued at $51,620 over the last ninety days. 16.14% of the stock is owned by company insiders.

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.