Calibre Mining Corp. (TSE:CXB) Receives Consensus Recommendation of “Buy” from Brokerages

Calibre Mining Corp. (TSE:CXB) has received an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$3.43.

A number of research firms have recently commented on CXB. National Bank Financial upgraded shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. TD Securities lowered their price target on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Raymond James raised their price objective on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Finally, Cormark upped their target price on Calibre Mining from C$3.00 to C$3.15 in a report on Monday, September 9th.

Calibre Mining Stock Performance

Shares of Calibre Mining stock opened at C$2.16 on Monday. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The stock’s fifty day moving average is C$2.37 and its two-hundred day moving average is C$2.28. Calibre Mining has a 52 week low of C$1.18 and a 52 week high of C$2.90. The company has a market capitalization of C$1.70 billion, a PE ratio of 15.43 and a beta of 2.08.

About Calibre Mining

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.