Calibre Mining Q3 EPS Cut by National Bank Financial

Calibre Mining Corp. (TSE:CXB) – Equities researchers at National Bank Financial decreased their Q3 2024 earnings estimates for Calibre Mining in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.08. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. National Bank Financial also issued estimates for Calibre Mining’s FY2024 earnings at $0.15 EPS and FY2025 earnings at $0.50 EPS.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Raymond James increased their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Scotiabank raised their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. TD Securities reduced their price objective on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group raised their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Calibre Mining has an average rating of “Buy” and an average price target of C$3.32.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$2.59 on Friday. The company has a 50 day moving average of C$2.50 and a 200 day moving average of C$2.17. The stock has a market cap of C$2.04 billion, a P/E ratio of 18.71 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.90. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The firm had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%.

Insiders Place Their Bets

In other news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s 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 value of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total value of C$512,228.40. Over the last ninety days, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is currently owned by corporate insiders.

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.