Calibre Mining (TSE:CXB) PT Raised to C$3.75

Calibre Mining (TSE:CXB - Free Report) had its price target upped by TD Securities from C$3.00 to C$3.75 in a research note published on Friday, BayStreet.CA reports.

Several other brokerages also recently commented on CXB. 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. Jefferies Financial Group increased their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. National Bank Financial upgraded Calibre Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus upped their target price on Calibre Mining from C$2.50 to C$3.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Finally, National Bankshares raised shares of Calibre Mining from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$2.85 to C$4.00 in a research report on Thursday, October 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$3.24.

Calibre Mining Price Performance

CXB stock traded down C$0.11 during mid-day trading on Friday, reaching C$2.68. 6,838,960 shares of the company traded hands, compared to its average volume of 2,702,675. The company has a fifty day moving average price of C$2.45 and a 200-day moving average price of C$2.14. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.90. The company has a market capitalization of C$2.12 billion, a P/E ratio of 19.00 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97.

Calibre Mining (TSE:CXB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of C$187.89 million during the quarter. As a group, analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insider Activity at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the company's stock in a transaction that occurred on 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 other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company's stock in a transaction that occurred 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 three months, insiders acquired 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 currently owned by corporate 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.