FY2024 EPS Estimates for Calibre Mining Decreased by Analyst

Calibre Mining Corp. (TSE:CXB - Free Report) - Investment analysts at Cormark reduced their FY2024 EPS estimates for shares of Calibre Mining in a note issued to investors on Thursday, November 7th. Cormark analyst N. Dion now anticipates that the company will earn $0.10 per share for the year, down from their prior estimate of $0.11. The consensus estimate for Calibre Mining's current full-year earnings is $0.39 per share.

Calibre Mining (TSE:CXB - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The business had revenue of C$187.89 million for the quarter.

Other equities research analysts also recently issued research reports about the company. TD Securities reduced their price target on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday. Raymond James increased their target price on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. National Bank Financial raised Calibre Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Canaccord Genuity Group increased their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares dropped their target price on shares of 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. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$3.43.

Calibre Mining Stock Performance

Shares of TSE:CXB remained flat at C$2.29 on Friday. 2,623,756 shares of the company's stock were exchanged, compared to its average volume of 2,694,152. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The company's fifty day moving average price is C$2.55 and its two-hundred day moving average price is C$2.21. The firm has a market cap of C$1.81 billion, a P/E ratio of 16.36 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

Insider Activity at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In the last quarter, insiders purchased 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. 6.32% of the stock is owned by insiders.

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.