National Bankshares Boosts Calibre Mining (TSE:CXB) Price Target to C$4.00

Calibre Mining (TSE:CXB) had its price objective upped by research analysts at National Bankshares from C$3.40 to C$4.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 36.52% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Stifel Nicolaus lowered their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. TD Securities cut their price target on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Finally, Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the stock a “buy” rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Calibre Mining presently has an average rating of “Buy” and a consensus target price of C$3.46.

Calibre Mining Price Performance

Calibre Mining stock opened at C$2.93 on Tuesday. The stock has a market cap of C$2.31 billion, a price-to-earnings ratio of 20.93 and a beta of 2.08. Calibre Mining has a 12-month low of C$1.33 and a 12-month high of C$3.01. 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 business’s 50-day simple moving average is C$2.40 and its 200 day simple moving average is C$2.40.

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.