Calibre Mining (TSE:CXB) Given New C$2.50 Price Target at Raymond James

Calibre Mining (TSE:CXB) had its price target increased by stock analysts at Raymond James from C$2.25 to C$2.50 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 35.87% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. TD Securities increased their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research report on Monday, January 29th. Jefferies Financial Group raised their price target on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets set a C$2.00 price target on shares of Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Stifel Nicolaus raised their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday. Finally, National Bankshares reduced their price target on shares of Calibre Mining from C$2.50 to C$2.40 in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Calibre Mining has an average rating of “Moderate Buy” and an average target price of C$2.49.

Calibre Mining Price Performance

CXB traded up C$0.02 during midday trading on Tuesday, reaching C$1.84. 1,217,475 shares of the company’s stock were exchanged, compared to its average volume of 2,851,869. The business’s 50-day moving average price is C$1.70 and its 200 day moving average price is C$1.47. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97. The stock has a market capitalization of C$1.32 billion, a PE ratio of 7.67 and a beta of 2.06. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.00.

Calibre Mining (TSE:CXB) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The business had revenue of C$206.40 million during the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. As a group, equities analysts anticipate that Calibre Mining will post 0.2030769 EPS for the current fiscal year.

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.