Cormark Brokers Lift Earnings Estimates for Calibre Mining Corp. (TSE:CXB)

Calibre Mining Corp. (TSE:CXB - Free Report) - Equities research analysts at Cormark increased their FY2025 EPS estimates for shares of Calibre Mining in a research note issued on Thursday, May 16th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.33 for the year, up from their prior forecast of $0.28. The consensus estimate for Calibre Mining's current full-year earnings is $0.22 per share.

A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on Calibre Mining from C$2.00 to C$3.00 in a research note on Thursday. National Bankshares increased their price target on shares of Calibre Mining from C$2.40 to C$2.60 and gave the stock a "sector perform" rating in a research note on Friday. Jefferies Financial Group raised their target price on Calibre Mining from C$2.00 to C$2.25 and gave the company a "buy" rating in a report on Monday, April 22nd. Stifel Nicolaus increased their price target on Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Finally, TD Securities upped their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the stock a "buy" rating in a report on Monday, January 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Calibre Mining presently has an average rating of "Moderate Buy" and an average price target of C$2.64.

Calibre Mining Price Performance

Shares of CXB traded up C$0.08 during midday trading on Friday, reaching C$2.29. The stock had a trading volume of 3,473,885 shares, compared to its average volume of 2,845,696. The firm's 50 day moving average price is C$1.87 and its 200-day moving average price is C$1.54. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.29. The company has a market capitalization of C$1.80 billion, a P/E ratio of 9.04 and a beta of 2.07. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97.

Calibre Mining (TSE:CXB - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, topping analysts' consensus estimates of C$0.05 by C$0.02. The company had revenue of C$206.40 million for the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%.

About Calibre Mining

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.