Cormark Weighs in on Calibre Mining’s Q3 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Cormark issued their Q3 2024 EPS estimates for shares of Calibre Mining in a note issued to investors on Monday, October 21st. Cormark analyst N. Dion expects that the company will earn $0.01 per share for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other research analysts have also issued reports on CXB. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Securities dropped their price objective on shares of Calibre Mining from C$3.75 to C$3.50 and set a “buy” rating for the company in a research note on Monday. Scotiabank increased their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Raymond James lifted their price target on shares of Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Finally, Jefferies Financial Group lifted their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Calibre Mining has an average rating of “Buy” and a consensus target price of C$3.32.

Calibre Mining Stock Up 0.8 %

Shares of CXB opened at C$2.59 on Wednesday. The firm’s 50-day simple moving average is C$2.50 and its 200 day simple moving average is C$2.17. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.90. The firm has a market cap of C$2.04 billion, a P/E ratio of 18.71 and a beta of 2.08. The company has a debt-to-equity ratio of 39.77, a quick ratio of 0.97 and a current ratio of 2.33.

Calibre Mining (TSE:CXB) last announced its quarterly earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. The business had revenue of C$187.89 million for the quarter.

Insider Buying and Selling at Calibre Mining

In other Calibre Mining news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$2.77, for a total value of C$512,228.40. In related news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. Over the last ninety days, insiders purchased 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. Insiders own 6.32% of the company’s stock.

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.