Calibre Mining Corp. (TSE:CXB - Get Free Report) shares were down 2.1% during mid-day trading on Tuesday . The stock traded as low as C$3.14 and last traded at C$3.20. Approximately 1,400,850 shares were traded during trading, a decline of 56% from the average daily volume of 3,157,560 shares. The stock had previously closed at C$3.27.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Ventum Cap Mkts raised shares of Calibre Mining to a "strong-buy" rating in a report on Friday, January 17th. Raymond James boosted their price objective on Calibre Mining from C$3.25 to C$4.00 in a research note on Friday, April 4th. Stifel Nicolaus upped their price objective on Calibre Mining from C$4.00 to C$4.50 in a research report on Monday, April 21st. Finally, National Bankshares lifted their target price on Calibre Mining from C$3.40 to C$4.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$3.57.
Get Our Latest Stock Analysis on CXB
Calibre Mining Stock Performance
The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70. The business has a 50 day moving average price of C$3.04 and a 200 day moving average price of C$2.66. The stock has a market cap of C$1.96 billion, a P/E ratio of 60.97 and a beta of 2.08.
Calibre Mining Company Profile
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Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.
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