Calibre Mining (TSE:CXB) Sets New 12-Month High - Still a Buy?

Calibre Mining Corp. (TSE:CXB - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$3.41 and last traded at C$3.39, with a volume of 1044085 shares changing hands. The stock had previously closed at C$3.31.

Wall Street Analysts Forecast Growth

CXB has been the topic of several recent research reports. National Bankshares increased their price target on Calibre Mining from C$3.40 to C$4.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Raymond James upped their price objective on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Finally, Stifel Nicolaus upped their price objective on Calibre Mining from C$4.00 to C$4.50 in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$3.63.

Calibre Mining Stock Down 5.2%

The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The business has a 50-day moving average price of C$3.10 and a 200-day moving average price of C$2.80. The firm has a market cap of C$1.99 billion, a P/E ratio of 61.90 and a beta of 2.08.

Calibre Mining Company Profile

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.