National Bankshares Issues Positive Forecast for Calibre Mining (TSE:CXB) Stock Price

Calibre Mining (TSE:CXB) had its target price hoisted by National Bankshares from C$3.40 to C$4.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. TD Securities cut their target price on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus cut their target price on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Finally, Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$3.46.

Calibre Mining Price Performance

Calibre Mining stock opened at C$3.05 on Tuesday. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 57.04 and a beta of 2.08. Calibre Mining has a 52-week low of C$1.34 and a 52-week high of C$3.06. The stock’s 50 day moving average price is C$2.41 and its two-hundred day moving average price is C$2.40. The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06.

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.