Calibre Mining (CVE:CXB) Given New C$2.50 Price Target at Stifel Nicolaus

Calibre Mining (CVE:CXB) had its price objective hoisted by Stifel Nicolaus from C$2.25 to C$2.50 in a research note released on Friday, BayStreet.CA reports.

A number of other equities analysts have also commented on the company. Raymond James raised their price objective on Calibre Mining from C$2.00 to C$2.25 in a research note on Wednesday, March 20th. BMO Capital Markets set a C$2.00 price objective on Calibre Mining and gave the stock an outperform rating in a research note on Wednesday. TD Securities raised their price objective on Calibre Mining from C$2.25 to C$2.50 and gave the stock a buy rating in a research note on Monday, January 29th. Jefferies Financial Group set a C$2.00 price objective on Calibre Mining and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, National Bankshares set a C$2.00 price objective on Calibre Mining and gave the stock a sector perform rating in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Calibre Mining presently has a consensus rating of Moderate Buy and a consensus target price of C$2.24.

Calibre Mining Stock Performance

CVE:CXB opened at C$0.58 on Friday. The stock has a market cap of C$26.00 million and a P/E ratio of -11.84. The stock has a 50 day simple moving average of C$0.58 and a 200 day simple moving average of C$0.58. The company has a current ratio of 7.18, a quick ratio of 6.94 and a debt-to-equity ratio of 1.08. Calibre Mining has a 1-year low of C$0.30 and a 1-year high of C$0.75.

Calibre Mining Company Profile

Calibre Mining Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metals assets and mineral properties in Nicaragua. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Borosi project consisting of various contiguous mining and exploration concessions located in the North Atlantic Autonomous Region of Nicaragua, Central America; and a 100% interest in mineral concessions covering an area of 413 square kilometers in the mining triangle of northeast Nicaragua, including the Santa Maria project, Primavera gold-copper project, and Monte Carmelo gold project.