Calibre Mining (TSE:CXB – Free Report) had its price target trimmed by Stifel Nicolaus from C$5.00 to C$4.40 in a research note issued to investors on Monday, BayStreet.CA reports.
CXB has been the subject of several other research reports. Scotiabank lifted their target price on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Jefferies Financial Group increased their target price on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Cormark raised their target price on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Securities raised their price objective on shares of Calibre Mining from C$3.00 to C$3.75 in a research note on Friday, October 18th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Calibre Mining presently has a consensus rating of “Buy” and an average price target of C$3.32.
Get Our Latest Stock Analysis on CXB
Calibre Mining Stock Performance
Calibre Mining (TSE:CXB – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.04. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. The firm had revenue of C$187.89 million during the quarter. Analysts forecast that Calibre Mining will post 0.3914328 EPS for the current year.
Insider Buying and Selling
In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the firm’s stock in a transaction 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. In other news, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. Over the last 90 days, insiders acquired 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is owned by company insiders.
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.
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