National Bankshares Lowers Calibre Mining (CVE:CXB) Price Target to C$2.40

Calibre Mining (CVE:CXB) had its price target reduced by National Bankshares from C$2.50 to C$2.40 in a research note released on Friday, BayStreet.CA reports.

Several other analysts also recently weighed in on CXB. Jefferies Financial Group set a C$2.00 price objective on shares of Calibre Mining and gave the stock a buy rating in a research report on Thursday, February 29th. Stifel Nicolaus boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday. TD Securities boosted 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 research report on Monday, January 29th. BMO Capital Markets set a C$2.00 price target on shares of Calibre Mining and gave the company an outperform rating in a research report on Wednesday, April 17th. Finally, Raymond James upped their price target on shares of Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$2.27.

Calibre Mining Stock Down 4.9 %

Shares of Calibre Mining stock opened at C$0.58 on Friday. The company has a market capitalization of C$26.00 million and a P/E ratio of -11.84. The company has a quick ratio of 6.94, a current ratio of 7.18 and a debt-to-equity ratio of 1.08. Calibre Mining has a 52-week low of C$0.30 and a 52-week high of C$0.75. The company has a 50 day moving average of C$0.58 and a 200 day moving average of C$0.58.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.