Analysts Issue Forecasts for Calibre Mining FY2024 Earnings

Calibre Mining Corp. (TSE:CXB) – Analysts at Cormark cut their FY2024 earnings per share estimates for shares of Calibre Mining in a note issued to investors on Monday, October 21st. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $0.11 for the year, down from their prior estimate of $0.19. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Cormark also issued estimates for Calibre Mining’s FY2025 earnings at $0.25 EPS.

Calibre Mining (TSE:CXB) last posted its 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 firm had revenue of C$187.89 million for the quarter.

A number of other equities research analysts have also recently commented on CXB. National Bankshares dropped their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research report on Wednesday. Scotiabank lifted their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Jefferies Financial Group lifted their price objective on Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Canaccord Genuity Group lifted their price objective on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Finally, Raymond James lifted their price objective on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Calibre Mining has an average rating of “Buy” and an average target price of C$3.32.

Calibre Mining Price Performance

TSE:CXB opened at C$2.57 on Thursday. Calibre Mining has a 52 week low of C$1.16 and a 52 week 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 stock has a market capitalization of C$2.03 billion, a PE ratio of 18.36 and a beta of 2.08. The stock’s 50-day moving average price is C$2.50 and its 200-day moving average price is C$2.17.

Insider Transactions at Calibre Mining

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the business’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 other news, 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. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In the last ninety days, insiders have purchased 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. Insiders own 6.32% of the company’s stock.

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.