Calibre Mining (TSE:CXB) Trading 3.1% Higher – Should You Buy?

Calibre Mining Corp. (TSE:CXB)’s share price shot up 3.1% during trading on Wednesday . The stock traded as high as C$2.72 and last traded at C$2.67. 1,049,548 shares were traded during trading, a decline of 65% from the average session volume of 2,998,561 shares. The stock had previously closed at C$2.59.

Analysts Set New Price Targets

CXB has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Calibre Mining from C$3.00 to C$3.50 in a report on Friday, April 4th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Raymond James raised their price target on shares of Calibre Mining from C$3.25 to C$4.00 in a report on Friday, April 4th. National Bankshares lifted their price target on shares of Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Ventum Financial set a C$3.30 price objective on shares of Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$3.56.

Calibre Mining Stock Up 5.7 %

The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 59.10 and a beta of 2.08. The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06. The stock’s fifty day moving average is C$2.97 and its two-hundred day moving average is C$2.62.

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.