Calibre Mining (TSE:CXB) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of Calibre Mining (TSE:CXB) from a sector perform rating to an outperform rating in a research note published on Thursday morning, BayStreet.CA reports. They currently have C$4.00 target price on the stock, up from their previous target price of C$2.85.

A number of other research firms have also recently weighed in on CXB. Raymond James boosted their price target on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Stifel Nicolaus boosted their price objective on Calibre Mining from C$2.50 to C$3.00 and gave the stock a buy rating in a research note on Tuesday, September 10th. Canaccord Genuity Group boosted their price objective on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Finally, Scotiabank boosted their price objective on Calibre Mining from C$2.75 to C$3.00 in a research note on Monday, August 19th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of C$3.12.

Calibre Mining Trading Up 2.1 %

TSE:CXB opened at C$2.86 on Thursday. The stock has a 50-day simple moving average of C$2.38 and a 200-day simple moving average of C$2.12. The stock has a market cap of C$2.26 billion, a P/E ratio of 20.43 and a beta of 2.08. Calibre Mining has a 1 year low of C$1.16 and a 1 year high of C$2.90. 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 earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The company had revenue of C$187.89 million for the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%. As a group, analysts anticipate that Calibre Mining will post 0.3914328 earnings per share for the current fiscal year.

Insider Transactions at Calibre Mining

In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of the company’s 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 Kristian Dagsaan sold 30,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$2.77, for a total transaction of C$512,228.40. Over the last ninety days, insiders have purchased 14,050 shares of company stock valued at $29,074 and have sold 232,721 shares valued at $637,453. 6.32% of the stock is currently owned by company insiders.

Calibre Mining Company Profile

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.