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

Shares of Calibre Mining Corp. (TSE:CXB) have been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$3.56.

Several equities analysts recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Raymond James upped their target price on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a “buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted their price target on Calibre Mining from C$3.00 to C$3.50 in a research note on Friday. Finally, National Bankshares raised their price objective 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, February 11th.

Calibre Mining Stock Down 7.1 %

Shares of TSE CXB opened at C$2.75 on Wednesday. The company’s 50 day moving average price is C$2.94 and its 200-day moving average price is C$2.61. The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06. Calibre Mining has a 52-week low of C$1.73 and a 52-week high of C$3.34. The company has a market capitalization of C$1.66 billion, a P/E ratio of 51.43 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.