Calibre Mining (TSE:CXB) Given New C$3.40 Price Target at National Bankshares

Calibre Mining (TSE:CXB) had its target price lowered by analysts at National Bankshares from C$3.60 to C$3.40 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 38.21% from the stock’s previous close.

A number of other brokerages also recently weighed in on CXB. TD Securities lowered their price target on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Finally, National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Calibre Mining has an average rating of “Buy” and an average price target of C$3.41.

Calibre Mining Price Performance

Shares of CXB stock traded up C$0.04 during midday trading on Thursday, reaching C$2.46. 1,191,181 shares of the company were exchanged, compared to its average volume of 1,468,091. Calibre Mining has a 12 month low of C$1.18 and a 12 month high of C$2.90. 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 company has a market cap of C$1.94 billion, a P/E ratio of 17.57 and a beta of 2.08. The company’s 50 day moving average price is C$2.31 and its two-hundred day moving average price is C$2.30.

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.