FY2024 EPS Estimates for Calibre Mining Cut by Analyst

Calibre Mining Corp. (TSE:CXB) – Scotiabank decreased their FY2024 earnings per share (EPS) estimates for shares of Calibre Mining in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.08 for the year, down from their previous forecast of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Several other brokerages also recently commented on CXB. National Bankshares cut their price target on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a report on Thursday, January 9th. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upped their target price on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. TD Securities dropped their price target on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price objective on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$3.41.

Calibre Mining Price Performance

CXB stock opened at C$2.33 on Monday. The firm has a 50 day moving average of C$2.29 and a 200-day moving average of C$2.32. The firm has a market capitalization of C$1.84 billion, a P/E ratio of 16.64 and a beta of 2.08. Calibre Mining has a 12 month low of C$1.18 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.

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.