Raymond James Lowers Calibre Mining (CVE:CXB) Price Target to C$2.50

Calibre Mining (CVE:CXB) had its target price lowered by Raymond James from C$2.75 to C$2.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Separately, BMO Capital Markets decreased their target price on shares of Calibre Mining from C$2.50 to C$2.30 in a report on Thursday, September 30th.

Shares of CXB stock opened at C$0.58 on Wednesday. The stock’s fifty day moving average is C$0.58 and its two-hundred day moving average is C$0.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 6.94 and a current ratio of 7.18. The firm has a market capitalization of C$26.00 million and a P/E ratio of -11.84. Calibre Mining has a fifty-two week low of C$0.30 and a fifty-two week high of C$0.75.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.

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