Jefferies Financial Group Raises Calibre Mining (TSE:CXB) Price Target to C$3.50

Calibre Mining (TSE:CXB) had its target price raised by Jefferies Financial Group from C$2.75 to C$3.50 in a report published on Friday morning, BayStreet.CA reports.

Other analysts have also issued reports about the company. Scotiabank lifted their price target on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Canaccord Genuity Group lifted their price target on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their price target on Calibre Mining from C$2.50 to C$3.00 and gave the stock a buy rating in a report on Tuesday, September 10th. Raymond James boosted their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Finally, Cormark boosted their target price on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$2.98.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.65 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 50-day moving average of C$2.32 and a 200-day moving average of C$2.08. The company has a market cap of C$2.09 billion, a PE ratio of 18.93 and a beta of 2.08. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.81.

Calibre Mining (TSE:CXB) last announced its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.04. The company had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. On average, equities research analysts predict that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. Over the last three months, insiders purchased 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is owned by company insiders.

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.