FY2024 EPS Estimates for Calibre Mining Reduced by Analyst

Calibre Mining Corp. (TSE:CXB) – Research analysts at Cormark dropped their FY2024 EPS estimates for shares of Calibre Mining in a report issued on Thursday, January 30th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.10 for the year, down from their prior estimate of $0.12. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

A number of other brokerages have also recently weighed in on CXB. National Bank Financial upgraded Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. Ventum Financial set a C$3.30 price target on shares of Calibre Mining and gave the company a “buy” rating in a report on Thursday, January 30th. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Finally, National Bankshares reduced their target price on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$3.40.

Calibre Mining Stock Performance

CXB opened at C$2.63 on Monday. The stock’s 50 day simple moving average is C$2.36 and its 200 day simple moving average is C$2.36. The stock has a market cap of C$2.08 billion, a P/E ratio of 18.79 and a beta of 2.08. Calibre Mining has a 1-year low of C$1.33 and a 1-year high of C$2.90. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97.

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.