Calibre Mining Corp. (TSE:CXB) Receives C$3.40 Average Price Target from Analysts

Shares of Calibre Mining Corp. (TSE:CXB - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$3.46.

A number of brokerages have recently issued reports on CXB. TD Securities decreased their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bankshares increased 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. Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, Ventum Cap Mkts raised Calibre Mining to a "strong-buy" rating in a research note on Friday, January 17th.

Calibre Mining Price Performance

Shares of TSE:CXB traded down C$0.12 during midday trading on Tuesday, reaching C$2.93. 3,106,014 shares of the company's stock traded hands, compared to its average volume of 2,098,114. Calibre Mining has a 1 year low of C$1.41 and a 1 year high of C$3.06. The company has a market cap of C$1.76 billion, a P/E ratio of 54.79 and a beta of 2.08. 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 fifty day simple moving average of C$2.42 and a two-hundred day simple moving average of C$2.41.

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.