Calibre Mining (TSE:CXB) Price Target Increased to C$2.75 by Analysts at Scotiabank

Calibre Mining (TSE:CXB) had its price objective boosted by Scotiabank from C$2.25 to C$2.75 in a report released on Thursday, BayStreet.CA reports.

CXB has been the subject of a number of other research reports. National Bankshares upped their price target on Calibre Mining from C$2.40 to C$2.60 and gave the stock a sector perform rating in a research report on Friday, May 17th. TD Securities lifted their price target on shares of 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. Raymond James raised their price objective on Calibre Mining from C$2.25 to C$2.50 in a report on Tuesday, April 23rd. Jefferies Financial Group upped their target price on Calibre Mining from C$2.00 to C$2.25 and gave the stock a buy rating in a report on Monday, April 22nd. Finally, Canaccord Genuity Group boosted their price target on Calibre Mining from C$3.00 to C$3.75 in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$2.65.

Calibre Mining Stock Performance

Shares of CXB opened at C$2.15 on Thursday. The firm’s 50 day moving average price is C$1.92 and its two-hundred day moving average price is C$1.58. The company has a debt-to-equity ratio of 44.76, a quick ratio of 0.97 and a current ratio of 2.16. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.34. The firm has a market cap of C$1.69 billion, a P/E ratio of 11.94 and a beta of 2.07.

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.