Calibre Mining Corp. Forecasted to Post FY2024 Earnings of $0.23 Per Share (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Equities researchers at Stifel Canada lowered their FY2024 EPS estimates for Calibre Mining in a report issued on Monday, September 9th. Stifel Canada analyst I. Rico now expects that the company will post earnings of $0.23 per share for the year, down from their prior estimate of $0.25. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Stifel Canada also issued estimates for Calibre Mining’s FY2025 earnings at $0.50 EPS.

Several other analysts have also recently weighed in on the stock. Scotiabank lifted their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. BMO Capital Markets boosted their price target on shares of Calibre Mining from C$2.00 to C$3.00 in a research report on Thursday, May 16th. Canaccord Genuity Group raised their price objective on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Raymond James upped their target price on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Finally, National Bankshares raised their target price on Calibre Mining from C$2.40 to C$2.60 and gave the company a “sector perform” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Calibre Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.90.

Calibre Mining Price Performance

CXB opened at C$2.26 on Thursday. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33. The stock has a market capitalization of C$1.78 billion, a PE ratio of 16.14 and a beta of 2.07. The stock’s 50 day moving average price is C$2.14 and its 200-day moving average price is C$1.97. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.40.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.04. The company had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%.

Insider Activity at Calibre Mining

In other news, Director Darren John Hall purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of C$1.81 per share, for a total transaction of C$45,250.00. Insiders purchased a total of 40,550 shares of company stock valued at $76,994 in the last 90 days. Corporate insiders own 6.32% of the company’s stock.

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.