Calibre Mining (TSE:CXB) Price Target Lowered to C$3.25 at TD Securities

Calibre Mining (TSE:CXB) had its target price trimmed by TD Securities from C$3.50 to C$3.25 in a research note released on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on CXB. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group upped their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Cormark increased their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Stifel Nicolaus decreased their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Finally, Scotiabank raised their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Calibre Mining has an average rating of “Buy” and a consensus price target of C$3.43.

Calibre Mining Trading Down 7.4 %

TSE:CXB opened at C$2.24 on Wednesday. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 16.00 and a beta of 2.08. The stock has a fifty day moving average price of C$2.55 and a two-hundred day moving average price of C$2.21. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

Calibre Mining (TSE:CXB) last announced its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The business had revenue of C$187.89 million for the quarter. As a group, sell-side analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Transactions at Calibre Mining

In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. Over the last 90 days, insiders bought 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.

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.