Stifel Nicolaus Cuts Calibre Mining (TSE:CXB) Price Target to C$4.40

Calibre Mining (TSE:CXB) 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 reports. Scotiabank lifted their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Cormark raised their price target on Calibre Mining from C$3.00 to C$3.15 in a research note on Monday, September 9th. TD Securities upped their price objective on Calibre Mining from C$3.00 to C$3.75 in a research report on Friday, October 18th. Finally, Jefferies Financial Group raised their target price on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$3.32.

Calibre Mining Trading Down 1.9 %

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

Calibre Mining (TSE:CXB) last posted 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. The business had revenue of C$187.89 million during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. Sell-side analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Transactions at Calibre Mining

In related news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction dated 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 Kevin James Riley sold 15,000 shares of the stock in a transaction 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. Also, 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 value of C$512,228.40. In the last quarter, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. Company insiders own 6.32% of the company’s stock.

Calibre Mining Company Profile

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.