Calibre Mining (TSE:CXB) Given New C$2.50 Price Target at Raymond James

Calibre Mining (TSE:CXB) had its price objective upped by investment analysts at Raymond James from C$2.25 to C$2.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 35.87% from the stock’s current price.

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

Calibre Mining Trading Up 1.1 %

TSE:CXB traded up C$0.02 during midday trading on Tuesday, hitting C$1.84. The stock had a trading volume of 1,217,475 shares, compared to its average volume of 2,851,869. Calibre Mining has a one year low of C$1.16 and a one year high of C$2.00. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 7.67 and a beta of 2.06. The stock has a 50-day moving average of C$1.70 and a 200 day moving average of C$1.47. The company has a quick ratio of 0.97, a current ratio of 2.21 and a debt-to-equity ratio of 3.72.

Calibre Mining (TSE:CXB) last issued its earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share (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 during the quarter. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%. As a group, sell-side analysts forecast 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.