Calibre Mining (TSE:CXB) Price Target Raised to C$4.00

Calibre Mining (TSE:CXB) had its price target lifted by Raymond James from C$3.25 to C$4.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms have also commented on CXB. Ventum Financial set a C$3.30 price target on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th. National Bankshares raised 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 report on Tuesday, February 11th. Finally, Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$3.56.

Calibre Mining Stock Performance

Shares of Calibre Mining stock opened at C$2.75 on Friday. The stock’s fifty day simple moving average is C$2.94 and its 200 day simple moving average is C$2.61. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The company has a market capitalization of C$1.66 billion, a PE ratio of 51.43 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.73 and a 12 month high of C$3.34.

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.