Calibre Mining Corp. (TSE:CXB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Calibre Mining Corp. (TSE:CXB) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$3.43.

A number of equities analysts have recently weighed in on CXB shares. National Bankshares lowered their price target on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Scotiabank lifted their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price target on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th.

Calibre Mining Price Performance

Shares of CXB stock opened at C$2.29 on Friday. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The company has a market capitalization of C$1.81 billion, a PE ratio of 16.29 and a beta of 2.08. The firm’s 50-day moving average is C$2.55 and its two-hundred day moving average is C$2.21. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90.

Calibre Mining (TSE:CXB) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. Analysts predict that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In other news, Senior Officer Kristian Dagsaan sold 30,000 shares of Calibre Mining stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total transaction of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. Over the last 90 days, insiders have purchased 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Corporate insiders own 6.32% of the company’s stock.

About Calibre Mining

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.