Calibre Mining (TSE:CXB) Stock Price Up 4.6% – Here’s Why

Calibre Mining Corp. (TSE:CXB) traded up 4.6% during mid-day trading on Wednesday . The stock traded as high as C$2.72 and last traded at C$2.71. 1,993,759 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 3,013,373 shares. The stock had previously closed at C$2.59.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CXB. Raymond James lifted their target price on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Ventum Financial set a C$3.30 price objective on Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of Calibre Mining from C$3.00 to C$3.50 in a research report on Friday, April 4th. Ventum Cap Mkts upgraded shares of Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Finally, National Bankshares raised their price objective on shares of Calibre Mining from C$3.40 to C$4.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$3.56.

Calibre Mining Price Performance

The company has a debt-to-equity ratio of 38.70, a quick ratio of 0.97 and a current ratio of 2.06. The stock’s fifty day moving average price is C$2.97 and its 200-day moving average price is C$2.62. The firm has a market cap of C$1.90 billion, a PE ratio of 59.10 and a beta of 2.08.

Calibre Mining Company Profile

Calibre Mining Corp is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.