Canaccord Genuity Group Raises Calibre Mining (TSE:CXB) Price Target to C$3.75

Calibre Mining (TSE:CXB - Free Report) had its price target increased by Canaccord Genuity Group from C$3.00 to C$3.75 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities analysts have also commented on CXB. BMO Capital Markets set a C$2.00 price objective on Calibre Mining and gave the stock an outperform rating in a research note on Wednesday, April 17th. Raymond James raised their price objective on Calibre Mining from C$2.25 to C$2.50 in a research note on Tuesday. TD Securities raised their price objective on Calibre Mining from C$2.25 to C$2.50 and gave the stock a buy rating in a research note on Monday, January 29th. National Bankshares reduced their target price on Calibre Mining from C$2.50 to C$2.40 in a report on Friday. Finally, Stifel Nicolaus raised their target price on Calibre Mining from C$2.25 to C$2.50 in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Calibre Mining presently has a consensus rating of Moderate Buy and an average price target of C$2.49.

Calibre Mining Stock Performance

Shares of TSE CXB traded up C$0.04 during trading hours on Tuesday, reaching C$1.86. 2,192,637 shares of the stock were exchanged, compared to its average volume of 2,864,256. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 7.75 and a beta of 2.06. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.00. The stock's fifty day simple moving average is C$1.71 and its 200 day simple moving average is C$1.47.

Calibre Mining (TSE:CXB - Get Free Report) last posted its quarterly earnings data 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. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. The firm had revenue of C$206.40 million for the quarter. Sell-side analysts predict that Calibre Mining will post 0.2030769 EPS for the current year.

Calibre Mining Company Profile

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.