Calibre Mining (TSE:CXB) Trading Up 4.9% – Should You Buy?

Shares of Calibre Mining Corp. (TSE:CXB) shot up 4.9% during trading on Thursday . The stock traded as high as C$3.00 and last traded at C$2.98. 1,542,354 shares were traded during trading, a decline of 50% from the average session volume of 3,072,791 shares. The stock had previously closed at C$2.84.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Raymond James boosted their price target on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday, April 4th. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group increased their target price on Calibre Mining from C$3.00 to C$3.50 in a report on Friday, April 4th. National Bankshares lifted their price target on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Calibre Mining has an average rating of “Buy” and a consensus target price of C$3.56.

Calibre Mining Price Performance

The company has a market cap of C$1.79 billion, a PE ratio of 55.73 and a beta of 2.08. The business has a 50 day moving average of C$2.96 and a 200 day moving average of C$2.61. The company has a debt-to-equity ratio of 38.70, a current ratio of 2.06 and a quick ratio of 0.97.

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.