Calibre Mining (TSE:CXB) Price Target Increased to C$3.75 by Analysts at Canaccord Genuity Group

Calibre Mining (TSE:CXB) had its target price lifted by Canaccord Genuity Group from C$3.00 to C$3.75 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group lifted their target price on Calibre Mining from C$2.00 to C$2.25 and gave the company a buy rating in a research report on Monday, April 22nd. National Bankshares reduced their price target on Calibre Mining from C$2.50 to C$2.40 in a research note on Friday, April 19th. Raymond James upped their target price on Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. TD Securities upped their price objective on Calibre Mining from C$2.25 to C$2.50 and gave the stock a buy rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus upped their target price on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$2.49.

Calibre Mining Stock Performance

Calibre Mining stock opened at C$1.90 on Tuesday. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.00. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 7.92 and a beta of 2.06. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97. The stock has a fifty day moving average price of C$1.73 and a two-hundred day moving average price of C$1.48.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$206.40 million during the quarter. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. As a group, analysts anticipate 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.