Stifel Canada Forecasts Calibre Mining Q3 Earnings

Calibre Mining Corp. (TSE:CXB) – Stock analysts at Stifel Canada issued their Q3 2024 EPS estimates for shares of Calibre Mining in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share. Stifel Canada also issued estimates for Calibre Mining’s FY2024 earnings at $0.18 EPS.

Several other research firms also recently commented on CXB. Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. National Bankshares decreased their price target on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James boosted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. TD Securities reduced their target price on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group boosted their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Calibre Mining has an average rating of “Buy” and an average price target of C$3.32.

Calibre Mining Trading Down 1.9 %

Shares of Calibre Mining stock opened at C$2.57 on Wednesday. The firm has a market capitalization of C$2.03 billion, a PE ratio of 18.36 and a beta of 2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The firm’s 50 day moving average is C$2.50 and its 200 day moving average is C$2.17. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90.

Calibre Mining (TSE:CXB) last released its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%.

Insider Buying and Selling

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction dated Friday, September 20th. The stock was 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 Calibre Mining 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. Also, Senior Officer Kevin James Riley sold 15,000 shares of the business’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 value of C$38,385.00. In the last ninety 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 corporate 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.