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

Calibre Mining (TSE:CXB) had its price objective raised by Canaccord Genuity Group from C$3.00 to C$3.75 in a research note released on Tuesday, BayStreet.CA reports.

A number of other research analysts also recently weighed in on CXB. Jefferies Financial Group lifted their price target on Calibre Mining from C$2.00 to C$2.25 and gave the company a buy rating in a report on Monday. Stifel Nicolaus boosted their target price on Calibre Mining from C$2.25 to C$2.50 in a research note on Friday, April 19th. Raymond James boosted their target price on Calibre Mining from C$2.25 to C$2.50 in a research note on Tuesday. National Bankshares lowered their target price on Calibre Mining from C$2.50 to C$2.40 in a research note on Friday, April 19th. Finally, BMO Capital Markets set a C$2.00 target price on Calibre Mining and gave the company an outperform rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Calibre Mining presently has a consensus rating of Moderate Buy and an average target price of C$2.49.

Calibre Mining Stock Performance

Shares of CXB stock opened at C$1.87 on Tuesday. Calibre Mining has a 1-year low of C$1.16 and a 1-year high of C$2.00. The company has a current ratio of 2.21, a quick ratio of 0.97 and a debt-to-equity ratio of 3.72. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 7.79 and a beta of 2.06. The stock’s fifty day simple moving average is C$1.73 and its 200-day simple moving average is C$1.48.

Calibre Mining (TSE:CXB) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, beating 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 business had revenue of C$206.40 million for the quarter. On average, sell-side analysts predict that Calibre Mining will post 0.2030769 earnings per share for the current fiscal 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.