Calibre Mining (TSE:CXB) Given a C$3.30 Price Target at Ventum Financial

Calibre Mining (TSE:CXB) has been given a C$3.30 target price by Ventum Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s target price indicates a potential upside of 40.43% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their target price on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group increased their price target on Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bankshares reduced their price objective on Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Finally, TD Securities dropped their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$3.40.

Calibre Mining Price Performance

Shares of CXB stock traded up C$0.07 during trading hours on Monday, reaching C$2.35. The company’s stock had a trading volume of 2,639,151 shares, compared to its average volume of 1,577,531. Calibre Mining has a fifty-two week low of C$1.18 and a fifty-two week high of C$2.90. The firm’s 50 day simple moving average is C$2.29 and its 200-day simple moving average is C$2.33. 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 company has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 16.79 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.