Brokerages Set Calibre Mining Corp. (TSE:CXB) PT at C$3.43

Shares of Calibre Mining Corp. (TSE:CXB) have received an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$3.43.

CXB has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Jefferies Financial Group lifted their price objective on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Cormark upped their target price on Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. National Bankshares reduced their price target on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, TD Securities dropped their price objective on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th.

Calibre Mining Price Performance

Shares of CXB opened at C$2.16 on Monday. The business’s 50-day moving average is C$2.37 and its 200-day moving average is C$2.27. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 15.43 and a beta of 2.08. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90.

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.