Jefferies Financial Group Boosts Calibre Mining (TSE:CXB) Price Target to C$2.25

Calibre Mining (TSE:CXB) had its target price lifted by Jefferies Financial Group from C$2.00 to C$2.25 in a research report sent to investors on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the company an outperform rating in a report on Wednesday, April 17th. National Bankshares lowered their price target on Calibre Mining from C$2.50 to C$2.40 in a report on Friday, April 19th. Stifel Nicolaus raised their price target on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Raymond James raised their price target on Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. Finally, TD Securities raised their target price on Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Calibre Mining has an average rating of Moderate Buy and an average price target of C$2.49.

Calibre Mining Price Performance

Shares of TSE CXB opened at C$1.87 on Monday. The firm has a market capitalization of C$1.34 billion, a PE ratio of 7.79 and a beta of 2.06. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.00. The business’s fifty day moving average price is C$1.73 and its two-hundred day moving average price is C$1.48.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. The company had revenue of C$206.40 million for the quarter. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. On average, research analysts expect that Calibre Mining will post 0.2030769 EPS for the current year.

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.