Cormark Equities Analysts Boost Earnings Estimates for Calibre Mining Corp. (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Analysts at Cormark lifted their FY2024 EPS estimates for shares of Calibre Mining in a report released on Tuesday, April 23rd. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.19 for the year, up from their prior estimate of $0.16. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Several other research analysts also recently issued reports on CXB. Raymond James raised their price objective on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday. National Bankshares lowered their target price on shares of Calibre Mining from C$2.50 to C$2.40 in a report on Friday, April 19th. TD Securities raised their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Stifel Nicolaus lifted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. Finally, BMO Capital Markets set a C$2.00 target price on shares of Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Calibre Mining has a consensus rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Price Performance

Shares of TSE:CXB opened at C$1.90 on Thursday. The company’s fifty day moving average price is C$1.73 and its 200 day moving average price is C$1.48. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.00. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 7.92 and a beta of 2.06.

Calibre Mining (TSE:CXB) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. The business had revenue of C$206.40 million for the quarter.

About Calibre Mining

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.