National Bank Financial Equities Analysts Cut Earnings Estimates for Calibre Mining Corp. (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share estimates for shares of Calibre Mining in a research note issued to investors on Thursday, September 5th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.20 per share for the year, down from their previous estimate of $0.21. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Calibre Mining (TSE:CXB) last released its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm 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%.

Several other research analysts also recently commented on the company. Stifel Nicolaus raised their price objective on Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.25 to C$2.75 in a research note on Friday, July 12th. National Bankshares increased their target price on shares of 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. Canaccord Genuity Group raised their price target on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Finally, Cormark increased their target price on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Calibre Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.90.

Calibre Mining Price Performance

TSE CXB opened at C$2.28 on Monday. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 17.54 and a beta of 2.07. 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 50-day moving average of C$2.13 and a 200 day moving average of C$1.97. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.40.

Insider Buying and Selling at Calibre Mining

In other Calibre Mining news, Director Darren John Hall purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of C$1.81 per share, for a total transaction of C$45,250.00. Insiders have purchased 40,550 shares of company stock worth $76,994 over the last three months. Insiders own 6.32% of the company’s stock.

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.