FY2024 EPS Estimate for Calibre Mining Reduced by Analyst

Calibre Mining Corp. (TSE:CXB - Free Report) - Investment analysts at Scotiabank reduced their FY2024 EPS estimates for shares of Calibre Mining in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.16. The consensus estimate for Calibre Mining's current full-year earnings is $0.39 per share.

Several other equities analysts have also recently commented on CXB. TD Securities lowered their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Jefferies Financial Group lifted their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bank Financial upgraded Calibre Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, National Bankshares cut their price objective on Calibre Mining from C$3.60 to C$3.40 and set an "outperform" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$3.41.

Calibre Mining Stock Down 5.5 %

TSE CXB traded down C$0.13 during trading on Monday, reaching C$2.24. 1,577,360 shares of the company's stock were exchanged, compared to its average volume of 1,566,329. The company's fifty day simple moving average is C$2.30 and its 200-day simple moving average is C$2.31. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The firm has a market capitalization of C$1.77 billion, a PE ratio of 16.00 and a beta of 2.08. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90.

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.