Calibre Mining (TSE:CXB) PT Raised to C$3.50 at Jefferies Financial Group

Calibre Mining (TSE:CXB) had its price target upped by investment analysts at Jefferies Financial Group from C$2.75 to C$3.50 in a research report issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 32.08% from the company’s current price.

Several other brokerages also recently weighed in on CXB. Raymond James increased their target price on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Stifel Nicolaus lifted their target price on Calibre Mining from C$2.50 to C$3.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Cormark upped their price target on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Canaccord Genuity Group lifted their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Finally, Scotiabank boosted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Calibre Mining has a consensus rating of “Moderate Buy” and an average price target of C$2.98.

Calibre Mining Price Performance

Shares of TSE CXB opened at C$2.65 on Friday. The stock has a market cap of C$2.09 billion, a P/E ratio of 18.93 and a beta of 2.08. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.81. The stock has a 50 day moving average of C$2.32 and a two-hundred day moving average of C$2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

Calibre Mining (TSE:CXB) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The firm had revenue of C$187.89 million during the quarter. On average, research analysts forecast that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insider Buying and Selling at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. Over the last quarter, insiders acquired 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. 6.32% of the stock is owned by corporate insiders.

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.