TD Securities Cuts Calibre Mining (TSE:CXB) Price Target to C$3.50

Calibre Mining (TSE:CXB - Get Free Report) had its price objective decreased by research analysts at TD Securities from C$3.75 to C$3.50 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 34.62% from the company's current price.

CXB has been the subject of a number of other reports. National Bank Financial upgraded shares of Calibre Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. National Bankshares upgraded Calibre Mining from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$2.85 to C$4.00 in a research report on Thursday, October 10th. Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a report on Monday. Jefferies Financial Group raised their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, Raymond James raised their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Calibre Mining presently has a consensus rating of "Buy" and an average price target of C$3.36.

Calibre Mining Trading Down 3.0 %

Calibre Mining stock traded down C$0.08 during trading hours on Monday, reaching C$2.60. The company had a trading volume of 4,905,485 shares, compared to its average volume of 2,713,528. 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 has a 12-month low of C$1.16 and a 12-month high of C$2.90. The company has a 50-day moving average price of C$2.46 and a 200 day moving average price of C$2.15. The firm has a market cap of C$2.05 billion, a price-to-earnings ratio of 18.86 and a beta of 2.08.

Calibre Mining (TSE:CXB - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting the consensus estimate of C$0.04. The company had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. Equities analysts forecast that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insider Activity

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

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.