Calibre Mining (TSE:CXB) Reaches New 52-Week High – Time to Buy?

Calibre Mining Corp. (TSE:CXB)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$3.27 and last traded at C$3.27, with a volume of 481426 shares traded. The stock had previously closed at C$3.17.

Analysts Set New Price Targets

Several analysts have recently issued reports on CXB shares. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a research report on Thursday, January 30th. National Bankshares increased their target price on Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$3.46.

Calibre Mining Trading Up 2.2 %

The stock has a market cap of C$1.95 billion, a PE ratio of 60.59 and a beta of 2.08. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The firm has a fifty day simple moving average of C$2.85 and a two-hundred day simple moving average of C$2.58.

Calibre Mining Company Profile

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.