Analysts Issue Forecasts for Calibre Mining Corp.’s FY2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Calibre Mining in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.29 per share for the year, up from their prior forecast of $0.20. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Other equities analysts have also issued research reports about the stock. 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 research report on Monday. Stifel Nicolaus upped their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Friday, April 19th. 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. TD Securities increased their target price on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, National Bankshares reduced their target price on shares of Calibre Mining from C$2.50 to C$2.40 in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Price Performance

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

Calibre Mining (TSE:CXB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, topping 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 business had revenue of C$206.40 million during the quarter.

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.