Calibre Mining (TSE:CXB) Reaches New 1-Year High – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.03 and last traded at C$3.00, with a volume of 870703 shares. The stock had previously closed at C$2.93.

Analyst Ratings Changes

CXB has been the subject of a number of analyst reports. Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Stifel Nicolaus dropped their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. TD Securities dropped their price target on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Finally, National Bankshares increased their target price 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$3.46.

Calibre Mining Stock Performance

The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The stock has a market cap of C$1.80 billion, a P/E ratio of 55.92 and a beta of 2.08. The company’s 50-day simple moving average is C$2.41 and its 200 day simple moving average is C$2.40.

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.