Calibre Mining Corp. (TSE:CXB) Receives Average Rating of "Buy" from Brokerages

Calibre Mining Corp. (TSE:CXB - Get Free Report) has earned an average rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$3.46.

A number of research firms have recently issued reports on CXB. Raymond James lifted their price objective on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. National Bank Financial upgraded shares of Calibre Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Canaccord Genuity Group raised their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Scotiabank boosted their price target on Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Finally, Jefferies Financial Group upped their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th.

Calibre Mining Trading Down 2.8 %

CXB stock traded down C$0.07 during midday trading on Friday, reaching C$2.46. The stock had a trading volume of 1,348,291 shares, compared to its average volume of 2,684,893. The firm has a market cap of C$1.94 billion, a price-to-earnings ratio of 17.57 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. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The business has a fifty day simple moving average of C$2.54 and a two-hundred day simple moving average of C$2.20.

Calibre Mining (TSE:CXB - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting analysts' consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The company had revenue of C$187.89 million during the quarter. As a group, research analysts expect that Calibre Mining will post 0.3914328 EPS for the current fiscal year.

Insider Activity at Calibre Mining

In other Calibre Mining 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 value of C$80,103.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. In the last 90 days, insiders have acquired 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. 6.32% of the stock is 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.