Calibre Mining (CVE:CXB) PT Lowered to C$2.40

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

A number of other 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 report on Wednesday. Raymond James boosted their price objective on Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, March 20th. TD Securities boosted their price objective on Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a report on Monday, January 29th. Jefferies Financial Group set a C$2.00 price objective on Calibre Mining and gave the company a buy rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus boosted their price objective 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$2.24.

Calibre Mining Trading Down 4.9 %

Shares of CXB opened at C$0.58 on Friday. Calibre Mining has a 12 month low of C$0.30 and a 12 month high of C$0.75. The stock has a market cap of C$26.00 million and a PE ratio of -11.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94. The stock’s 50-day moving average is C$0.58 and its two-hundred day moving average is C$0.58.

Calibre Mining Company Profile

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.