Calibre Mining Corp. (TSE:CXB) Receives Consensus Recommendation of “Buy” from Analysts

Calibre Mining Corp. (TSE:CXB) has earned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$3.40.

A number of equities analysts have recently commented on the stock. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. TD Securities cut their price target on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th.

Calibre Mining Stock Performance

Shares of Calibre Mining stock opened at C$2.51 on Friday. Calibre Mining has a fifty-two week low of C$1.21 and a fifty-two week high of C$2.90. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 17.93 and a beta of 2.08. The company’s 50 day moving average price is C$2.31 and its two-hundred day moving average price is C$2.34.

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.