Calibre Mining (TSE:CXB) PT Set at C$3.30 by Ventum Financial

Ventum Financial set a C$3.30 price objective on Calibre Mining (TSE:CXB - Free Report) in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also weighed in on CXB. TD Securities dropped their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. National Bank Financial upgraded Calibre Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their target price on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Finally, National Bankshares reduced their price target on shares of Calibre Mining from C$3.60 to C$3.40 and set an "outperform" rating for the company in a research report on Thursday, January 9th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$3.40.

Calibre Mining Stock Performance

Shares of Calibre Mining stock traded down C$0.03 during midday trading on Thursday, hitting C$2.56. The company had a trading volume of 1,275,199 shares, compared to its average volume of 1,859,286. The stock has a market cap of C$2.02 billion, a price-to-earnings ratio of 18.29 and a beta of 2.08. Calibre Mining has a 12-month low of C$1.33 and a 12-month high of C$2.90. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The company has a fifty day simple moving average of C$2.35 and a 200 day simple moving average of C$2.36.

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.