Calibre Mining (TSE:CXB) Trading Up 8.1% – What’s Next?

Calibre Mining Corp. (TSE:CXB)’s share price traded up 8.1% during mid-day trading on Wednesday . The company traded as high as C$2.39 and last traded at C$2.39. 403,697 shares traded hands during trading, a decline of 63% from the average session volume of 1,085,804 shares. The stock had previously closed at C$2.21.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CXB. Jefferies Financial Group upped their target price on Calibre Mining from C$2.75 to C$3.50 in a research report on Friday, October 4th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on Calibre Mining from C$5.00 to C$4.40 in a report on Monday, October 21st. TD Securities decreased their price target on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. Finally, National Bankshares dropped their price objective on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Thursday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Calibre Mining has a consensus rating of “Buy” and a consensus price target of C$3.41.

Calibre Mining Price Performance

The company has a debt-to-equity ratio of 39.77, a current ratio of 2.33 and a quick ratio of 0.97. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 16.93 and a beta of 2.08. The stock has a 50 day moving average price of C$2.30 and a 200-day moving average price of C$2.30.

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.