Calibre Mining (TSE:CXB) Trading 4.2% Higher – Time to Buy?

Calibre Mining Corp. (TSE:CXB)’s stock price was up 4.2% on Wednesday . The stock traded as high as C$2.72 and last traded at C$2.70. Approximately 1,493,876 shares changed hands during trading, a decline of 50% from the average daily volume of 3,003,114 shares. The stock had previously closed at C$2.59.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CXB shares. Ventum Financial set a C$3.30 target price on shares of Calibre Mining and gave the company a “buy” rating in a research note on Thursday, January 30th. National Bankshares upped their price target 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. Ventum Cap Mkts raised Calibre Mining to a “strong-buy” rating in a research note on Friday, January 17th. Raymond James boosted their price target on Calibre Mining from C$3.25 to C$4.00 in a research report on Friday, April 4th. Finally, Jefferies Financial Group raised their price objective on Calibre Mining from C$3.00 to C$3.50 in a report on Friday, April 4th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$3.56.

Calibre Mining Price Performance

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

About Calibre Mining

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.