Brokerages Set Calibre Mining Corp. (TSE:CXB) Price Target at C$3.46

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$3.46.

A number of research analysts recently issued reports on CXB shares. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, National Bankshares lifted their price objective on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th.

Calibre Mining Stock Down 2.3 %

TSE CXB opened at C$3.03 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. Calibre Mining has a 1-year low of C$1.61 and a 1-year high of C$3.27. The company has a 50 day moving average of C$2.71 and a 200-day moving average of C$2.53. The company has a market cap of C$1.82 billion, a price-to-earnings ratio of 56.66 and a beta of 2.08.

Calibre Mining Company Profile

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.