Calibre Mining Corp (CVE:CXB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Calibre Mining Corp (CVE:CXB) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$2.24.

A number of brokerages have weighed in on CXB. National Bankshares decreased their target price on Calibre Mining from C$2.50 to C$2.40 in a research report on Friday. BMO Capital Markets set a C$2.00 target price on Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Jefferies Financial Group set a C$2.00 target price on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, February 29th. Stifel Nicolaus upped their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Friday. Finally, Raymond James upped their price target on shares of Calibre Mining from C$2.00 to C$2.25 in a research report on Wednesday, March 20th.

Calibre Mining Price Performance

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

About Calibre Mining

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.