Calibre Mining (TSE:CXB) Trading 3.8% Higher – What’s Next?

Calibre Mining Corp. (TSE:CXB)’s stock price was up 3.8% during mid-day trading on Tuesday . The stock traded as high as C$2.81 and last traded at C$2.75. Approximately 225,687 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,983,914 shares. The stock had previously closed at C$2.65.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Raymond James increased their price objective on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. National Bankshares boosted 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, February 11th. Finally, 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Calibre Mining currently has a consensus rating of “Buy” and an average price target of C$3.56.

Calibre Mining Stock Performance

The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 55.92 and a beta of 2.08. The firm’s 50-day moving average price is C$2.97 and its two-hundred day moving average price is C$2.62.

About Calibre Mining

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.