Calibre Mining FY2024 EPS Estimate Reduced by Raymond James

Calibre Mining Corp. (TSE:CXB) – Equities researchers at Raymond James dropped their FY2024 earnings estimates for shares of Calibre Mining in a note issued to investors on Wednesday, January 8th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Several other brokerages also recently weighed in on CXB. National Bankshares lowered their target price on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Thursday. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus reduced their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. TD Securities dropped their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$3.41.

Calibre Mining Price Performance

Shares of CXB opened at C$2.44 on Friday. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 17.43 and a beta of 2.08. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90. The firm has a 50-day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

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.