TD Securities Lowers Calibre Mining (TSE:CXB) Price Target to C$3.25

Calibre Mining (TSE:CXB) had its target price dropped by stock analysts at TD Securities from C$3.50 to C$3.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 43.81% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. 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. 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. Canaccord Genuity Group upped their target price on shares of Calibre Mining from C$3.75 to C$4.00 in a research report on Tuesday, July 23rd. National Bankshares lowered their price target on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Scotiabank upped their price objective on Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$3.43.

Calibre Mining Stock Down 6.6 %

Shares of CXB stock traded down C$0.16 on Wednesday, hitting C$2.26. The company’s stock had a trading volume of 3,032,779 shares, compared to its average volume of 2,674,143. Calibre Mining has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.90. The firm’s fifty day moving average price is C$2.55 and its 200-day moving average price is C$2.21. The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 16.21 and a beta of 2.08.

Calibre Mining (TSE:CXB) last released its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The business 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%. Research analysts anticipate that Calibre Mining will post 0.3914328 EPS for the current year.

Insider Activity at Calibre Mining

In other news, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction that occurred 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 stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$2.56, for a total value of C$38,385.00. Also, Senior Officer Marco Dacosta Galego sold 184,920 shares of Calibre Mining stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$2.77, for a total transaction of C$512,228.40. In the last quarter, insiders bought 14,050 shares of company stock worth $29,074 and sold 232,721 shares worth $637,453. 6.32% of the stock is owned by corporate 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.