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Calibre Mining (TSE:CXB) Shares Down 2.7% - Here's What Happened

Calibre Mining logo with Basic Materials background

Calibre Mining Corp. (TSE:CXB - Get Free Report) shares dropped 2.7% on Friday . The stock traded as low as C$3.22 and last traded at C$3.26. Approximately 545,023 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 3,169,755 shares. The stock had previously closed at C$3.35.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Ventum Cap Mkts raised Calibre Mining to a "strong-buy" rating in a research note on Friday, January 17th. Stifel Nicolaus upped their target price on shares of Calibre Mining from C$4.00 to C$4.50 in a research report on Monday, April 21st. Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. National Bankshares increased their price objective on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the company a "buy" rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Calibre Mining presently has a consensus rating of "Buy" and an average target price of C$3.57.

Read Our Latest Research Report on CXB

Calibre Mining Stock Performance

The business has a 50-day moving average of C$3.04 and a 200-day moving average of C$2.67. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97. The firm has a market cap of C$1.94 billion, a price-to-earnings ratio of 60.40 and a beta of 2.08.

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.

See Also

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