Calibre Mining Corp. (TSE:CXB) Receives C$2.73 Average PT from Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$2.73.

CXB has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Friday, April 19th. Canaccord Genuity Group raised their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. Raymond James boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their price objective on Calibre Mining from C$2.25 to C$2.75 in a research note on Friday, July 12th.

Calibre Mining Price Performance

Shares of Calibre Mining stock opened at C$2.08 on Friday. The stock has a market cap of C$1.64 billion, a P/E ratio of 11.56 and a beta of 2.07. The company has a debt-to-equity ratio of 44.76, a quick ratio of 0.97 and a current ratio of 2.16. The stock’s fifty day moving average is C$1.98 and its 200 day moving average is C$1.80. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.34.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). Calibre Mining had a return on equity of 10.32% and a net margin of 11.47%. The company had revenue of C$177.80 million during the quarter.

Insiders Place Their Bets

In other news, Director Darren John Hall acquired 25,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of C$1.81 per share, for a total transaction of C$45,250.00. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. Also, Director Darren John Hall purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average cost of C$1.81 per share, for a total transaction of C$45,250.00. Insiders have purchased a total of 28,500 shares of company stock worth $51,620 in the last 90 days. 16.14% of the stock is currently 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.