Calibre Mining (TSE:CXB) PT Set at C$3.30 by Ventum Financial

Calibre Mining (TSE:CXB) received a C$3.30 price target from Ventum Financial in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s price target suggests a potential upside of 40.43% from the stock’s previous close.

Several other research firms have also issued reports on CXB. TD Securities decreased their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bankshares dropped their price objective on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Thursday, January 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. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Calibre Mining currently has a consensus rating of “Buy” and an average price target of C$3.40.

Calibre Mining Trading Up 3.1 %

TSE:CXB traded up C$0.07 during trading hours on Monday, hitting C$2.35. 2,639,151 shares of the stock were exchanged, compared to its average volume of 1,577,531. The company’s 50 day moving average is C$2.29 and its two-hundred day moving average is C$2.33. The company has a market capitalization of C$1.85 billion, a P/E ratio of 16.79 and a beta of 2.08. Calibre Mining has a twelve month low of C$1.18 and a twelve month high of C$2.90. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

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.