Raymond James Boosts Calibre Mining (TSE:CXB) Price Target to C$2.50

Calibre Mining (TSE:CXB) had its price target upped by Raymond James from C$2.25 to C$2.50 in a research report released on Tuesday, BayStreet.CA reports.

Several other analysts also recently commented on the company. TD Securities increased their target price on Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a research note on Monday, January 29th. Stifel Nicolaus raised their target price on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the company an outperform rating in a report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Calibre Mining from C$2.00 to C$2.25 and gave the company a buy rating in a research report on Monday, April 22nd. Finally, National Bankshares dropped their price target on Calibre Mining from C$2.50 to C$2.40 in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$2.49.

Calibre Mining Trading Up 1.6 %

Shares of CXB stock opened at C$1.90 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 2.21 and a debt-to-equity ratio of 3.72. The business has a 50-day moving average price of C$1.73 and a two-hundred day moving average price of C$1.48. Calibre Mining has a 12-month low of C$1.16 and a 12-month high of C$2.00. The firm has a market cap of C$1.37 billion, a P/E ratio of 7.92 and a beta of 2.06.

Calibre Mining (TSE:CXB) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. The business had revenue of C$206.40 million during the quarter. Equities analysts anticipate that Calibre Mining will post 0.2030769 EPS for the current fiscal year.

Calibre Mining Company Profile

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.