Scotiabank Raises Calibre Mining (TSE:CXB) Price Target to C$3.00

Calibre Mining (TSE:CXB) had its target price boosted by Scotiabank from C$2.75 to C$3.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

CXB has been the subject of several other reports. Canaccord Genuity Group raised their price target on Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. National Bankshares upped 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 note on Friday, May 17th. Raymond James raised their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Calibre Mining from C$2.00 to C$3.00 in a report on Thursday, May 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$2.76.

Calibre Mining Trading Down 3.3 %

TSE:CXB opened at C$2.31 on Monday. The firm has a market capitalization of C$1.82 billion, a P/E ratio of 16.50 and a beta of 2.07. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.40. The company’s 50-day simple moving average is C$2.01 and its 200 day simple moving average is C$1.89.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.04 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 firm had revenue of C$187.89 million for the quarter. As a group, analysts forecast that Calibre Mining will post 0.206334 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. In other Calibre Mining news, Director Darren John Hall bought 25,000 shares of Calibre Mining stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of C$1.81 per share, with a total value of C$45,250.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$2.10, for a total transaction of C$31,500.00. Over the last quarter, insiders have purchased 42,550 shares of company stock worth $80,694. 6.32% of the stock is owned by insiders.

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.