Calibre Mining (TSE:CXB) Reaches New 12-Month High – What’s Next?

Calibre Mining Corp. (TSE:CXB) hit a new 52-week high on Thursday . The company traded as high as C$3.27 and last traded at C$3.27, with a volume of 481426 shares trading hands. The stock had previously closed at C$3.17.

Analysts Set New Price Targets

CXB has been the subject of several research analyst reports. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, National Bankshares boosted their target price on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$3.46.

Calibre Mining Price Performance

The company has a market cap of C$1.94 billion, a P/E ratio of 60.22 and a beta of 2.08. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97. The company has a fifty day simple moving average of C$2.89 and a 200-day simple moving average of C$2.59.

Calibre Mining Company Profile

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.