Cormark Weighs in on Calibre Mining's Q3 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB - Free Report) - Equities researchers at Cormark issued their Q3 2024 earnings estimates for Calibre Mining in a research note issued to investors on Monday, October 21st. Cormark analyst N. Dion expects that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Calibre Mining's current full-year earnings is $0.39 per share.

A number of other analysts also recently issued reports on the stock. TD Securities cut their price objective on shares of Calibre Mining from C$3.75 to C$3.50 and set a "buy" rating for the company in a report on Monday. Stifel Nicolaus lowered their price objective on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday. National Bank Financial upgraded shares of Calibre Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Raymond James boosted their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Finally, Jefferies Financial Group increased their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$3.32.

Calibre Mining Stock Performance

Shares of TSE CXB traded down C$0.05 during trading hours on Wednesday, reaching C$2.57. 1,981,060 shares of the stock were exchanged, compared to its average volume of 2,711,358. The stock's fifty day simple moving average is C$2.50 and its 200 day simple moving average is C$2.17. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 18.36 and a beta of 2.08. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.90. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

Calibre Mining (TSE:CXB - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$0.04. The company had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%.

Insider Buying and Selling

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Over the last quarter, insiders bought 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.

Calibre Mining Company Profile

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.