Calibre Mining (TSE:CXB) Hits New 52-Week High – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$3.21 and last traded at C$3.21, with a volume of 468283 shares changing hands. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CXB shares. TD Securities reduced their target price on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Finally, National Bankshares boosted their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$3.46.

Calibre Mining Stock Down 2.8 %

The firm has a market cap of C$1.86 billion, a P/E ratio of 57.79 and a beta of 2.08. 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 company has a fifty day simple moving average of C$2.49 and a 200-day simple moving average of C$2.44.

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.