Calibre Mining Corp. (TSE:CXB) Receives Average Rating of "Buy" from Brokerages

Shares of Calibre Mining Corp. (TSE:CXB - Get Free Report) have been assigned a consensus rating of "Buy" from the six brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$3.43.

A number of brokerages have recently weighed in on CXB. Cormark boosted their price target on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. Jefferies Financial Group raised their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Raymond James boosted their price objective on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. TD Securities cut their target price on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st.

Calibre Mining Stock Down 1.4 %

Calibre Mining stock traded down C$0.03 during midday trading on Monday, hitting C$2.13. The stock had a trading volume of 1,197,049 shares, compared to its average volume of 2,603,122. The business has a fifty day moving average price of C$2.44 and a 200 day moving average price of C$2.27. Calibre Mining has a 12 month low of C$1.18 and a 12 month high of C$2.90. The stock has a market cap of C$1.68 billion, a P/E ratio of 15.21 and a beta of 2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

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.