Calibre Mining (TSE:CXB – Free Report) had its price objective lifted by Canaccord Genuity Group from C$3.75 to C$4.00 in a report published on Tuesday, BayStreet.CA reports.
Several other research firms have also recently commented on CXB. National Bankshares lifted their target price on shares of Calibre Mining from C$2.40 to C$2.60 and gave the stock a sector perform rating in a research report on Friday, May 17th. Raymond James lifted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.25 to C$2.75 in a research report on Friday, July 12th. Stifel Nicolaus lifted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. Finally, Scotiabank lifted their target price on shares of Calibre Mining from C$2.25 to C$2.75 in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$2.73.
Get Our Latest Stock Analysis on Calibre Mining
Calibre Mining Price Performance
Calibre Mining (TSE:CXB – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.02). Calibre Mining had a net margin of 11.47% and a return on equity of 10.32%. The business had revenue of C$177.80 million during the quarter.
Insider Activity 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 Friday, May 31st. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. Also, Director Darren John Hall purchased 25,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of C$1.81 per share, with a total value of C$45,250.00. In the last ninety days, insiders acquired 28,500 shares of company stock worth $51,620. Corporate insiders own 16.14% 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.
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