Calibre Mining Corp. (TSE:CXB) Given Average Rating of “Buy” by Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have been given an average rating of “Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$3.46.

Several research analysts recently issued reports on the stock. National Bankshares increased their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Stifel Nicolaus dropped their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. TD Securities lowered their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Finally, Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th.

Calibre Mining Stock Performance

TSE:CXB opened at C$2.93 on Tuesday. Calibre Mining has a 12-month low of C$1.41 and a 12-month high of C$3.06. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70. The firm has a market capitalization of C$1.76 billion, a PE ratio of 54.79 and a beta of 2.08. The firm has a 50-day moving average price of C$2.43 and a 200 day moving average price of C$2.41.

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.