National Bankshares Cuts Calibre Mining (CVE:CXB) Price Target to C$2.40

Calibre Mining (CVE:CXB) had its target price lowered by National Bankshares from C$2.50 to C$2.40 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 313.79% from the company’s previous close.

CXB has been the topic of a number of other reports. TD Securities boosted their target price on Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research report on Monday, January 29th. Jefferies Financial Group set a C$2.00 target price on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, February 29th. Raymond James upped their price target on Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th. Stifel Nicolaus upped their price target on Calibre Mining from C$2.25 to C$2.50 in a research report on Friday. Finally, BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2.24.

Calibre Mining Price Performance

Shares of Calibre Mining stock traded down C$0.03 during trading on Friday, hitting C$0.58. The stock had a trading volume of 22,000 shares, compared to its average volume of 32,942. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94. The firm has a market cap of C$26.00 million and a P/E ratio of -11.84. The business has a fifty day moving average of C$0.58 and a two-hundred day moving average of C$0.58. Calibre Mining has a fifty-two week low of C$0.30 and a fifty-two week high of C$0.75.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.