Calibre Mining (TSE:CXB) Trading Up 4.9% – Here’s What Happened

Calibre Mining Corp. (TSE:CXB) shares rose 4.9% during mid-day trading on Thursday . The stock traded as high as C$3.00 and last traded at C$2.98. Approximately 2,188,883 shares changed hands during trading, a decline of 29% from the average daily volume of 3,084,166 shares. The stock had previously closed at C$2.84.

Analysts Set New Price Targets

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

Calibre Mining Trading Up 5.7 %

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’s 50 day moving average is C$2.98 and its 200-day moving average is C$2.62. The company has a market capitalization 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.