Calibre Mining (TSE:CXB) Price Target Raised to C$3.75 at TD Securities

Calibre Mining (TSE:CXB) had its price target boosted by analysts at TD Securities from C$3.00 to C$3.75 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 40.98% from the company’s current price.

CXB has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Cormark upped their target price on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. National Bankshares raised Calibre Mining from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$2.85 to C$4.00 in a research note on Thursday, October 10th. Canaccord Genuity Group increased their target price on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Finally, Raymond James raised their price target on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$3.24.

Calibre Mining Price Performance

CXB stock traded down C$0.13 during midday trading on Friday, hitting C$2.66. The company’s stock had a trading volume of 4,469,201 shares, compared to its average volume of 2,690,943. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The company has a 50 day moving average of C$2.45 and a two-hundred day moving average of C$2.14. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90. The firm has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 19.00 and a beta of 2.08.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The company had revenue of C$187.89 million during the quarter. On average, analysts expect that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Transactions at Calibre Mining

In related news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00. Over the last three months, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Company insiders own 6.32% of the company’s stock.

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.