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

Calibre Mining logo with Basic Materials background

Calibre Mining Corp. (TSE:CXB - Get Free Report)'s stock price traded down 1% on Monday . The company traded as low as C$2.83 and last traded at C$2.89. 2,933,956 shares were traded during mid-day 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 Upgrades and Downgrades

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

Read Our Latest Report on Calibre Mining

Calibre Mining Trading Down 1.0%

The firm has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 54.05 and a beta of 2.08. The firm's 50 day moving average is C$3.08 and its 200 day moving average is C$2.71. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70.

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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