Calibre Mining Corp. (TSE:CXB) Given Average Recommendation of “Buy” by Brokerages

Calibre Mining Corp. (TSE:CXB) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$3.43.

Several brokerages have recently issued reports on CXB. National Bankshares decreased their price objective on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Scotiabank raised their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Cormark boosted their target price on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Raymond James increased their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Finally, Stifel Nicolaus cut their price objective on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st.

Calibre Mining Trading Up 2.2 %

Shares of TSE:CXB opened at C$2.29 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.90. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 16.29 and a beta of 2.08. The business has a 50-day moving average price of C$2.55 and a 200-day moving average price of C$2.21.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The business had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. Equities analysts predict that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. Over the last 90 days, insiders purchased 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Corporate insiders own 6.32% of the company’s stock.

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.