Calibre Mining (TSE:CXB) Trading Down 1.8% – What’s Next?

Calibre Mining Corp. (TSE:CXB)’s share price dropped 1.8% on Thursday . The stock traded as low as C$2.13 and last traded at C$2.15. Approximately 2,228,045 shares traded hands during trading, a decline of 14% from the average daily volume of 2,602,517 shares. The stock had previously closed at C$2.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CXB shares. Jefferies Financial Group raised their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bankshares cut their price objective on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Raymond James lifted their target price on Calibre Mining from C$2.50 to C$3.00 in a research note on Friday, September 6th. Stifel Nicolaus dropped their price target on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. Finally, Cormark lifted their price objective on shares of Calibre Mining from C$3.00 to C$3.15 in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$3.43.

Calibre Mining Price Performance

The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 15.43 and a beta of 2.08. The company has a 50 day moving average of C$2.44 and a 200-day moving average of C$2.27.

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.