Calibre Mining Corp. (TSE:CXB - Get Free Report) rose 4.6% on Wednesday . The stock traded as high as C$2.72 and last traded at C$2.71. Approximately 1,993,759 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 3,013,373 shares. The stock had previously closed at C$2.59.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. National Bankshares increased their target price on shares of 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. Ventum Cap Mkts raised shares of Calibre Mining to a "strong-buy" rating in a research note on Friday, January 17th. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Raymond James increased their price target on Calibre Mining from C$3.25 to C$4.00 in a report on Friday, April 4th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$3.56.
Check Out Our Latest Stock Analysis on CXB
Calibre Mining Trading Up 1.6 %
The business has a fifty day moving average price of C$2.98 and a two-hundred day moving average price of C$2.62. 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 firm has a market capitalization of C$1.93 billion, a PE ratio of 60.03 and a beta of 2.08.
About Calibre Mining
(
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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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