Calibre Mining (TSE:CXB) PT Raised to C$3.75 at Canaccord Genuity Group

Calibre Mining (TSE:CXB) had its price target boosted by stock analysts at Canaccord Genuity Group from C$3.00 to C$3.75 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 104.92% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CXB. Jefferies Financial Group increased their target price on Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Monday. National Bankshares reduced their price objective on shares of Calibre Mining from C$2.50 to C$2.40 in a report on Friday, April 19th. Raymond James boosted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. TD Securities upped their target price 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, BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the company an “outperform” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Calibre Mining has a consensus rating of “Moderate Buy” and an average target price of C$2.49.

Calibre Mining Trading Down 1.6 %

TSE:CXB opened at C$1.83 on Tuesday. The firm has a fifty day simple moving average of C$1.72 and a two-hundred day simple moving average of C$1.47. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.00. 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 current ratio of 2.21, a quick ratio of 0.97 and a debt-to-equity ratio of 3.72.

Calibre Mining (TSE:CXB) last issued its earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.02. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. The company had revenue of C$206.40 million during the quarter. Analysts expect that Calibre Mining will post 0.2030769 EPS for the current fiscal year.

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.