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

Calibre Mining Corp. (TSE:CXB) has earned an average rating of “Buy” from the eight analysts that are currently 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 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$3.46.

Several analysts have issued reports on the company. National Bankshares upped their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, TD Securities reduced their target price on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th.

Calibre Mining Trading Down 3.9 %

Shares of TSE:CXB opened at C$2.93 on Tuesday. Calibre Mining has a 52-week low of C$1.41 and a 52-week high of C$3.06. The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06. The company has a market capitalization of C$1.76 billion, a P/E ratio of 54.79 and a beta of 2.08. The company has a 50-day simple moving average of C$2.44 and a 200 day simple moving average of C$2.42.

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.