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Calibre Mining (TSE:CXB) Stock Price Down 1% - Here's Why

Calibre Mining logo with Basic Materials background

Calibre Mining Corp. (TSE:CXB - Get Free Report)'s stock price fell 1% on Monday . The stock traded as low as C$2.83 and last traded at C$2.89. 2,933,956 shares changed hands during trading, a decline of 10% from the average session volume of 3,273,771 shares. The stock had previously closed at C$2.92.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Calibre Mining from C$4.00 to C$4.50 in a research note on Monday, April 21st. National Bankshares raised their target price on Calibre Mining from C$3.40 to C$4.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a "buy" rating in a research note on Thursday, January 30th. Raymond James upped their target price on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Finally, Jefferies Financial Group upped their target price on Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Calibre Mining has a consensus rating of "Buy" and an average target price of C$3.63.

Get Our Latest Analysis on Calibre Mining

Calibre Mining Price Performance

The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 60.03 and a beta of 2.08. The stock has a fifty day simple moving average of C$3.08 and a 200-day simple moving average of C$2.73. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97.

Calibre Mining Company Profile

(Get Free Report)

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.

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