Calibre Mining (TSE:CXB) Given New C$3.50 Price Target at TD Securities

Calibre Mining (TSE:CXB) had its price target decreased by research analysts at TD Securities from C$3.75 to C$3.50 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 32.58% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Cormark raised their price target on shares of Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. Jefferies Financial Group raised their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Raymond James raised their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Calibre Mining presently has an average rating of “Buy” and a consensus price target of C$3.36.

Calibre Mining Price Performance

Shares of CXB stock traded down C$0.04 during mid-day trading on Monday, hitting C$2.64. 3,569,706 shares of the stock were exchanged, compared to its average volume of 2,706,946. The firm has a fifty day moving average of C$2.46 and a 200 day moving average of C$2.15. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. Calibre Mining has a 52-week low of C$1.16 and a 52-week high of C$2.90. The company has a market cap of C$2.08 billion, a PE ratio of 18.86 and a beta of 2.08.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The business had revenue of C$187.89 million for the quarter. Research analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current year.

Insiders Place Their Bets

In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Also, Senior Officer Kevin James Riley sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In the last ninety days, insiders have acquired 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. Corporate insiders own 6.32% of the company’s stock.

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.