Calibre Mining (TSE:CXB) Hits New 12-Month High – Should You Buy?

Calibre Mining Corp. (TSE:CXB) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.21 and last traded at C$3.21, with a volume of 468283 shares traded. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Securities decreased their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Ventum Cap Mkts raised shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, National Bankshares upped their target price on Calibre Mining from C$3.40 to C$4.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. 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, the company currently has an average rating of “Buy” and a consensus price target of C$3.46.

Calibre Mining Trading Up 4.6 %

The firm has a 50-day moving average of C$2.47 and a 200 day moving average of C$2.43. 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 stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 59.47 and a beta of 2.08.

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.