Ventum Financial Reiterates C$3.30 Price Target for Calibre Mining (TSE:CXB)

Calibre Mining (TSE:CXB) received a C$3.30 price objective from investment analysts at Ventum Financial in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price target would indicate a potential upside of 24.53% from the stock’s current price.

A number of other equities research analysts have also commented on CXB. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Securities decreased their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Finally, Jefferies Financial Group raised their target price on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$3.40.

Calibre Mining Stock Up 3.9 %

TSE CXB traded up C$0.10 on Thursday, reaching C$2.65. The company had a trading volume of 381,051 shares, compared to its average volume of 1,852,630. The stock has a market capitalization of C$2.09 billion, a P/E ratio of 18.93 and a beta of 2.08. The company’s fifty day moving average is C$2.34 and its 200 day moving average is C$2.35. Calibre Mining has a 52-week low of C$1.33 and a 52-week high of C$2.90. 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.