Calibre Mining (TSE:CXB) Price Target Cut to C$4.40

Calibre Mining (TSE:CXB) had its price objective reduced by Stifel Nicolaus from C$5.00 to C$4.40 in a research note published on Monday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Raymond James raised their price target on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. TD Securities upped their price target on shares of Calibre Mining from C$3.00 to C$3.75 in a report on Friday, October 18th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group increased their price target on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, Scotiabank boosted their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Calibre Mining currently has a consensus rating of “Buy” and a consensus target price of C$3.32.

Calibre Mining Trading Up 0.8 %

Shares of CXB opened at C$2.59 on Monday. The stock has a market capitalization of C$2.04 billion, a PE ratio of 18.71 and a beta of 2.08. The company’s fifty day moving average is C$2.50 and its 200 day moving average is C$2.17. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.90.

Calibre Mining (TSE:CXB) last announced its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. Sell-side analysts expect that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 Kevin James Riley sold 15,000 shares of the stock in a transaction dated 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 Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. In the last three months, insiders have acquired 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. 6.32% of the stock is owned by company insiders.

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.