Calibre Mining (TSE:CXB) Reaches New 1-Year High – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$2.90 and last traded at C$2.88, with a volume of 151596 shares changing hands. The stock had previously closed at C$2.86.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. TD Securities cut their price objective on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bankshares dropped their target price on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$3.40.

Calibre Mining Stock Down 1.0 %

The firm has a market cap of C$2.23 billion, a P/E ratio of 20.21 and a beta of 2.08. The stock’s 50 day simple moving average is C$2.37 and its 200 day simple moving average is C$2.38. 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 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.