Calibre Mining (TSE:CXB) PT Lowered to C$3.60

Calibre Mining (TSE:CXB - Get Free Report) had its target price cut by analysts at National Bankshares from C$4.00 to C$3.60 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 40.08% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. TD Securities reduced their price objective on Calibre Mining from C$3.75 to C$3.50 and set a "buy" rating for the company in a research report on Monday. Cormark raised their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Canaccord Genuity Group upped their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. National Bank Financial raised Calibre Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday. Six investment 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 presently has an average rating of "Buy" and a consensus target price of C$3.32.

Calibre Mining Stock Performance

Shares of Calibre Mining stock traded down C$0.05 on Wednesday, reaching C$2.57. The stock had a trading volume of 1,981,060 shares, compared to its average volume of 2,711,358. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. The business's 50-day moving average price is C$2.50 and its two-hundred day moving average price is C$2.17. The stock has a market cap of C$2.03 billion, a P/E ratio of 18.36 and a beta of 2.08. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.90.

Calibre Mining (TSE:CXB - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter. On average, sell-side analysts forecast that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Activity at Calibre Mining

In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the 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 Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the company's stock in a transaction dated 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 Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction that occurred 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. In the last 90 days, insiders have purchased 14,050 shares of company stock valued at $29,074 and have 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.