Calibre Mining (TSE:CXB) Given New C$2.50 Price Target at Raymond James

Calibre Mining (TSE:CXB) had its price objective hoisted by Raymond James from C$2.25 to C$2.50 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other analysts have also weighed in on CXB. Jefferies Financial Group upped their target price on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a buy rating in a report on Monday. National Bankshares decreased their price target on shares of Calibre Mining from C$2.50 to C$2.40 in a report on Friday, April 19th. BMO Capital Markets set a C$2.00 price target on shares of Calibre Mining and gave the stock an outperform rating in a report on Wednesday, April 17th. TD Securities increased their price target on shares of Calibre Mining from C$2.25 to C$2.50 and gave the stock a buy rating in a report on Monday, January 29th. Finally, Stifel Nicolaus increased their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have given 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$2.49.

Calibre Mining Stock Performance

Calibre Mining stock opened at C$1.86 on Tuesday. The firm’s 50 day simple moving average is C$1.71 and its 200 day simple moving average is C$1.47. The company has a current ratio of 2.21, a quick ratio of 0.97 and a debt-to-equity ratio of 3.72. The firm has a market capitalization of C$1.34 billion, a PE ratio of 7.75 and a beta of 2.06. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.00.

Calibre Mining (TSE:CXB) last posted its earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The business had revenue of C$206.40 million for the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. As a group, analysts expect that Calibre Mining will post 0.2030769 earnings per share for the current fiscal year.

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.