Calibre Mining Corp. (TSE:CXB) Given Average Rating of “Buy” by Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$3.40.

Several analysts have issued reports on the company. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. TD Securities reduced their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Finally, Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th.

Calibre Mining Trading Up 3.0 %

Shares of Calibre Mining stock opened at C$2.42 on Friday. 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 has a market capitalization of C$1.91 billion, a PE ratio of 17.29 and a beta of 2.08. Calibre Mining has a 1-year low of C$1.18 and a 1-year high of C$2.90. The company’s fifty day simple moving average is C$2.29 and its 200-day simple moving average is C$2.33.

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.