Calibre Mining (TSE:CXB) Trading Up 3.8% – Here’s Why

Calibre Mining Corp. (TSE:CXB) shares rose 3.8% during mid-day trading on Tuesday . The company traded as high as C$2.81 and last traded at C$2.75. Approximately 225,687 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,983,914 shares. The stock had previously closed at C$2.65.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CXB shares. National Bankshares upped their price objective on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a report on Friday, January 17th. Raymond James boosted their price target on shares of Calibre Mining from C$3.25 to C$4.00 in a research report on Friday. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group raised their price target on Calibre Mining from C$3.00 to C$3.50 in a research note on Friday. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$3.56.

Calibre Mining Stock Down 0.8 %

The firm has a market cap of C$1.58 billion, a PE ratio of 49.18 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 38.70. The business has a 50-day moving average price of C$2.95 and a two-hundred day moving average price of C$2.61.

About Calibre Mining

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.