Calibre Mining (TSE:CXB) Trading 4.9% Higher – Here’s Why

Calibre Mining Corp. (TSE:CXB) shot up 4.9% during mid-day trading on Thursday . The company traded as high as C$3.00 and last traded at C$2.98. 1,542,354 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 3,072,791 shares. The stock had previously closed at C$2.84.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. National Bankshares lifted their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Jefferies Financial Group raised their price target on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Finally, Raymond James upped their price objective on shares of Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$3.56.

Calibre Mining Price Performance

The business’s fifty day moving average price is C$2.98 and its 200 day moving average price is C$2.62. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97. The stock has a market cap of C$1.90 billion, a P/E ratio of 59.10 and a beta of 2.08.

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.