Calibre Mining (TSE:CXB – Get Free Report) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Thursday, BayStreet.CA reports. The firm presently has a C$4.00 price target on the stock, up from their previous price target of C$2.85. National Bankshares’ price objective would suggest a potential upside of 39.86% from the company’s current price.
CXB has been the topic of several other research reports. Jefferies Financial Group upped their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Canaccord Genuity Group increased their target price on Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. Raymond James increased their target price on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Stifel Nicolaus increased their price objective on Calibre Mining from C$2.50 to C$3.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Scotiabank raised their target price on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$3.12.
Read Our Latest Research Report on CXB
Calibre Mining Stock Up 2.1 %
Calibre Mining (TSE:CXB – Get Free Report) last announced 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 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%. As a group, research analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. In the last ninety days, insiders acquired 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.
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