Calibre Mining (TSE:CXB) Hits New 12-Month High at $2.13

Shares of Calibre Mining Corp. (TSE:CXB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.13 and last traded at C$2.12, with a volume of 3311675 shares. The stock had previously closed at C$2.04.

Wall Street Analyst Weigh In

Several brokerages recently commented on CXB. Jefferies Financial Group lifted their price objective on Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Monday, April 22nd. Raymond James upped their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. BMO Capital Markets set a C$2.00 price objective on shares of Calibre Mining and gave the stock an “outperform” rating in a report on Wednesday, April 17th. National Bankshares decreased their price target on shares of Calibre Mining from C$2.50 to C$2.40 in a research report on Friday, April 19th. Finally, TD Securities boosted their price objective on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a research report on Monday, January 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Trading Up 2.5 %

The firm has a market capitalization of C$1.65 billion, a P/E ratio of 8.44 and a beta of 2.07. The stock’s 50-day simple moving average is C$1.79 and its two-hundred day simple moving average is C$1.50. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97.

Calibre Mining (TSE:CXB) last issued its earnings results on Tuesday, February 20th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$206.40 million during the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. Equities research analysts expect that Calibre Mining Corp. will post 0.219591 EPS for the current year.

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.