National Bankshares Raises Calibre Mining (TSE:CXB) Price Target to C$2.60

Calibre Mining (TSE:CXBFree Report) had its price objective hoisted by National Bankshares from C$2.40 to C$2.60 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

CXB has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday, April 23rd. TD Securities boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a research report on Monday, January 29th. Stifel Nicolaus lifted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Jefferies Financial Group raised their target price on shares of Calibre Mining from C$2.00 to C$2.25 and gave the company a buy rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their price objective on Calibre Mining from C$2.00 to C$3.00 in a research report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Calibre Mining currently has a consensus rating of Moderate Buy and an average price target of C$2.64.

View Our Latest Analysis on Calibre Mining

Calibre Mining Price Performance

Shares of CXB traded up C$0.08 during mid-day trading on Friday, hitting C$2.29. 3,473,885 shares of the stock were exchanged, compared to its average volume of 2,845,696. The firm has a 50-day moving average of C$1.88 and a two-hundred day moving average of C$1.55. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.29. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21. The company has a market cap of C$1.80 billion, a PE ratio of 9.16 and a beta of 2.07.

Calibre Mining (TSE:CXBGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. The company had revenue of C$206.40 million for the quarter. On average, equities analysts predict that Calibre Mining will post 0.219591 earnings per share for the current year.

About Calibre Mining

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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.

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Analyst Recommendations for Calibre Mining (TSE:CXB)

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