Calibre Mining Corp. (TSE:CXB) Expected to Earn Q1 2024 Earnings of $0.04 Per Share

Calibre Mining Corp. (TSE:CXB) – Cormark issued their Q1 2024 EPS estimates for Calibre Mining in a report released on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will earn $0.04 per share for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

CXB has been the subject of several other reports. BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Canaccord Genuity Group raised their target price on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday. Stifel Nicolaus increased their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of Calibre Mining from C$2.00 to C$2.25 and gave the company a “buy” rating in a research report on Monday. Finally, Raymond James increased their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Stock Performance

CXB opened at C$1.83 on Tuesday. The stock has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 7.63 and a beta of 2.06. The company has a fifty day moving average of C$1.72 and a 200 day moving average of C$1.47. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.00. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21.

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, beating the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$206.40 million during the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%.

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.