National Bankshares Cuts Calibre Mining (CVE:CXB) Price Target to C$2.40

Calibre Mining (CVE:CXB) had its target price dropped by stock analysts at National Bankshares from C$2.50 to C$2.40 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 313.79% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. TD Securities lifted their target price on Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets set a C$2.00 target price on Calibre Mining and gave the company an “outperform” rating in a research report on Wednesday. Raymond James lifted their target price on Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th. Jefferies Financial Group set a C$2.00 target price on Calibre Mining and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Stifel Nicolaus lifted their price target on Calibre Mining from C$2.25 to C$2.50 in a report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$2.24.

Calibre Mining Stock Down 4.9 %

Shares of CXB traded down C$0.03 during midday trading on Friday, hitting C$0.58. The stock had a trading volume of 22,000 shares, compared to its average volume of 32,942. The company has a 50 day simple moving average of C$0.58 and a two-hundred day simple moving average of C$0.58. Calibre Mining has a twelve month low of C$0.30 and a twelve month high of C$0.75. The firm has a market cap of C$26.00 million and a price-to-earnings ratio of -11.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94.

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.