Calibre Mining (TSE:CXB) Reaches New 1-Year High – Here’s Why

Shares of Calibre Mining Corp. (TSE:CXB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.03 and last traded at C$3.00, with a volume of 870703 shares changing hands. The stock had previously closed at C$2.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. National Bankshares lifted their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus cut their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th. TD Securities cut their price objective on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Finally, Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Calibre Mining has an average rating of “Buy” and an average target price of C$3.46.

Calibre Mining Price Performance

The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The company has a market capitalization of C$1.76 billion, a PE ratio of 54.79 and a beta of 2.08. The company’s 50 day moving average price is C$2.43 and its 200-day moving average price is C$2.41.

About Calibre Mining

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.