Calibre Mining (TSE:CXB) Hits New 52-Week High - Time to Buy?

Calibre Mining Corp. (TSE:CXB - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.21 and last traded at C$3.21, with a volume of 468283 shares traded. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CXB shares. National Bankshares boosted their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. 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. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Ventum Cap Mkts upgraded shares of Calibre Mining to a "strong-buy" rating in a research report on Friday, January 17th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$3.46.

Calibre Mining Trading Down 2.8 %

The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The company has a market cap of C$1.86 billion, a PE ratio of 57.79 and a beta of 2.08. The stock has a 50 day moving average price of C$2.49 and a 200 day moving average price of C$2.44.

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.