FY2024 EPS Estimate for Calibre Mining Lowered by Analyst

Calibre Mining Corp. (TSE:CXB) – Investment analysts at National Bank Financial cut their FY2024 earnings estimates for Calibre Mining in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.10 per share for the year, down from their prior forecast of $0.14. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s Q4 2024 earnings at $0.06 EPS.

Several other research analysts have also recently weighed in on CXB. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. TD Securities lowered their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bankshares lifted their target price on shares of Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$3.46.

Calibre Mining Stock Performance

CXB stock opened at C$2.95 on Wednesday. The stock’s 50 day simple moving average is C$2.39 and its 200 day simple moving average is C$2.39. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. Calibre Mining has a 12-month low of C$1.33 and a 12-month high of C$3.01. The stock has a market capitalization of C$2.33 billion, a PE ratio of 21.07 and a beta of 2.08.

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.