Calibre Mining Corp. (TSE:CXB) Expected to Earn Q1 2024 Earnings of $0.04 Per Share

Calibre Mining Corp. (TSE:CXB) – Investment analysts at Cormark issued their Q1 2024 earnings estimates for Calibre Mining in a report issued on Monday, April 22nd. Cormark analyst N. Dion expects that the company will earn $0.04 per share for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Several other equities analysts have also commented on the stock. Canaccord Genuity Group increased their price target on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Tuesday. Raymond James raised their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Jefferies Financial Group raised their target price on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a research report on Monday. Finally, TD Securities raised their target price 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$2.49.

Calibre Mining Stock Performance

Shares of Calibre Mining stock opened at C$1.83 on Tuesday. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 7.63 and a beta of 2.06. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.00. The company has a quick ratio of 0.97, a current ratio of 2.21 and a debt-to-equity ratio of 3.72. The firm’s 50 day moving average is C$1.72 and its two-hundred day moving average is C$1.47.

Calibre Mining (TSE:CXB) last released its earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm 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.