Calibre Mining Corp. (TSE:CXB - Get Free Report) traded down 1.8% on Thursday . The company traded as low as C$2.13 and last traded at C$2.15. 2,228,045 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 2,602,517 shares. The stock had previously closed at C$2.19.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CXB. National Bankshares lowered their price objective on Calibre Mining from C$4.00 to C$3.60 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Cormark upped their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Stifel Nicolaus lowered their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. TD Securities cut their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Calibre Mining currently has a consensus rating of "Buy" and an average target price of C$3.43.
Read Our Latest Research Report on Calibre Mining
Calibre Mining Price Performance
The business has a 50-day moving average of C$2.44 and a 200 day moving average of C$2.27. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 15.43 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.
About Calibre Mining
(
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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.
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