Calibre Mining (CVE:CXB) Given a C$2.00 Price Target at BMO Capital Markets

Calibre Mining (CVE:CXB) received a C$2.00 price objective from equities researchers at BMO Capital Markets in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 244.83% from the stock’s previous close.

CXB has been the topic of several other research reports. Jefferies Financial Group set a C$2.00 target price on Calibre Mining and gave the company a “buy” rating in a research report on Thursday, February 29th. Stifel Nicolaus set a C$2.25 price target on Calibre Mining and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Raymond James upped their price target on Calibre Mining from C$2.00 to C$2.25 in a research note on Wednesday, March 20th. TD Securities upped their price target on Calibre Mining from C$2.25 to C$2.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, National Bankshares set a C$2.00 price target on Calibre Mining and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$2.14.

Calibre Mining Trading Down 4.9 %

Shares of Calibre Mining stock traded down C$0.03 on Wednesday, hitting C$0.58. 22,000 shares of the company’s stock traded hands, compared to its average volume of 32,942. Calibre Mining has a one year low of C$0.30 and a one year high of C$0.75. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.18 and a quick ratio of 6.94. The company has a fifty day moving average of C$0.58 and a two-hundred day moving average of C$0.58. The company has a market capitalization of C$26.00 million and a price-to-earnings ratio of -11.84.

Insider Activity at Calibre Mining

In other Calibre Mining news, Director Darren John Hall purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was bought at an average cost of C$1.22 per share, with a total value of C$30,450.00. Over the last three months, insiders acquired 29,000 shares of company stock valued at $37,090.

About Calibre Mining

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.