Raymond James Forecasts Reduced Earnings for Calibre Mining

Calibre Mining Corp. (TSE:CXB - Free Report) - Stock analysts at Raymond James decreased their FY2024 EPS estimates for shares of Calibre Mining in a report released on Wednesday, January 8th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.10 per share for the year, down from their prior forecast of $0.11. The consensus estimate for Calibre Mining's current full-year earnings is $0.39 per share.

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

Calibre Mining Stock Performance

CXB stock traded down C$0.07 during trading on Friday, hitting C$2.37. The company had a trading volume of 1,678,515 shares, compared to its average volume of 1,564,753. The firm has a 50-day moving average price of C$2.30 and a 200-day moving average price of C$2.30. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The firm has a market cap of C$1.87 billion, a PE ratio of 16.93 and a beta of 2.08. Calibre Mining has a 1-year low of C$1.18 and a 1-year 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.