Calibre Mining (TSE:CXB) Shares Down 4.9% - Should You Sell?

Calibre Mining Corp. (TSE:CXB - Get Free Report)'s share price fell 4.9% during trading on Thursday . The company traded as low as C$2.98 and last traded at C$3.13. 6,107,113 shares traded hands during trading, an increase of 93% from the average session volume of 3,157,823 shares. The stock had previously closed at C$3.29.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CXB shares. Raymond James boosted their target price on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday, April 4th. Jefferies Financial Group boosted their price objective on shares of Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Finally, Stifel Nicolaus raised their target price on shares of 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 MarketBeat.com, Calibre Mining has an average rating of "Buy" and an average price target of C$3.63.

Calibre Mining Stock Performance

The company has a market cap of C$1.83 billion, a price-to-earnings ratio of 56.85 and a beta of 2.08. 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 stock's 50 day moving average price is C$3.14 and its 200 day moving average price is C$2.82.

About Calibre Mining

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.