Calibre Mining (TSE:CXB) Shares Up 8.1% – Should You Buy?

Calibre Mining Corp. (TSE:CXB)’s stock price rose 8.1% during trading on Wednesday . The company traded as high as C$2.39 and last traded at C$2.39. Approximately 403,697 shares changed hands during trading, a decline of 63% from the average daily volume of 1,085,804 shares. The stock had previously closed at C$2.21.

Analyst Ratings Changes

CXB has been the subject of several research analyst reports. National Bankshares lowered their price objective on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research report on Thursday. Stifel Nicolaus cut their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group increased their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Finally, TD Securities dropped their price target on Calibre Mining from C$3.50 to C$3.25 in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Calibre Mining has an average rating of “Buy” and a consensus target price of C$3.41.

Calibre Mining Stock Performance

The stock has a market capitalization of C$1.87 billion, a PE ratio of 16.93 and a beta of 2.08. The business’s fifty day moving average is C$2.30 and its two-hundred day moving average is C$2.30. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77.

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.