Calibre Mining (CVE:CXB) Price Target Cut to C$2.40 by Analysts at National Bankshares

Calibre Mining (CVE:CXB) had its price objective cut by National Bankshares from C$2.50 to C$2.40 in a research note published on Friday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on the company. BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the stock an outperform rating in a research note on Wednesday. Raymond James lifted their price target on Calibre Mining from C$2.00 to C$2.25 in a research note on Wednesday, March 20th. Jefferies Financial Group set a C$2.00 price target on Calibre Mining and gave the stock a buy rating in a research note on Thursday, February 29th. TD Securities lifted their price target on Calibre Mining from C$2.25 to C$2.50 and gave the stock a buy rating in a research note on Monday, January 29th. Finally, Stifel Nicolaus lifted their price target on Calibre Mining from C$2.25 to C$2.50 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$2.24.

Calibre Mining Stock Down 4.9 %

Calibre Mining stock opened at C$0.58 on Friday. The stock has a market capitalization of C$26.00 million and a PE ratio of -11.84. Calibre Mining has a 12 month low of C$0.30 and a 12 month high of C$0.75. The business has a 50 day simple moving average of C$0.58 and a 200-day simple moving average of C$0.58. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94.

Calibre Mining Company Profile

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.