Calibre Mining Corp. to Post FY2024 Earnings of $0.19 Per Share, Raymond James Forecasts (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Raymond James boosted their FY2024 earnings per share estimates for Calibre Mining in a research note issued on Monday, July 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.19 per share for the year, up from their prior forecast of $0.15. Raymond James also issued estimates for Calibre Mining’s FY2025 earnings at $0.38 EPS.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group boosted their price target on Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. Scotiabank boosted their price target on Calibre Mining from C$2.25 to C$2.75 in a report on Thursday, May 23rd. Canaccord Genuity Group boosted their price target on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday. Stifel Nicolaus boosted their price target on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Finally, National Bankshares boosted their price target on Calibre Mining from C$2.40 to C$2.60 and gave the company a “sector perform” rating in a report on Friday, May 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$2.73.

Calibre Mining Trading Down 2.9 %

Calibre Mining stock opened at C$2.04 on Wednesday. The stock has a 50-day moving average price of C$1.99 and a 200 day moving average price of C$1.77. The company has a quick ratio of 0.97, a current ratio of 2.16 and a debt-to-equity ratio of 44.76. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 11.33 and a beta of 2.07. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.34.

Calibre Mining (TSE:CXB) last released its earnings results on Tuesday, May 14th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). Calibre Mining had a return on equity of 10.32% and a net margin of 11.47%. The firm had revenue of C$177.80 million for the quarter.

Insider Transactions at Calibre Mining

In other Calibre Mining news, Director Darren John Hall bought 25,000 shares of Calibre Mining stock in a transaction dated Monday, June 24th. The stock was acquired at an average cost of C$1.81 per share, with a total value of C$45,250.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. Also, Director Darren John Hall acquired 25,000 shares of Calibre Mining stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of C$1.81 per share, with a total value of C$45,250.00. Insiders acquired a total of 28,500 shares of company stock valued at $51,620 in the last three months. 16.14% of the stock is currently owned by company insiders.

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.