Calibre Mining (TSE:CXB) Stock Price Down 4.9% – Time to Sell?

Calibre Mining Corp. (TSE:CXB)’s stock price dropped 4.9% on Thursday . The company traded as low as C$2.98 and last traded at C$3.13. Approximately 6,107,113 shares traded hands during mid-day trading, an increase of 93% from the average daily volume of 3,157,823 shares. The stock had previously closed at C$3.29.

Analysts Set New Price Targets

CXB has been the subject of a number of research reports. Raymond James upped their price objective on shares of Calibre Mining from C$3.25 to C$4.00 in a research note on Friday, April 4th. Jefferies Financial Group boosted their price target on shares of Calibre Mining from C$3.00 to C$3.50 in a report on Friday, April 4th. Finally, Stifel Nicolaus boosted their price target on shares of Calibre Mining from C$4.00 to C$4.50 in a report on Monday, April 21st. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Calibre Mining presently has a consensus rating of “Buy” and an average target price of C$3.63.

Calibre Mining Trading Down 4.9%

The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 38.70. The stock has a market capitalization of C$1.88 billion, a P/E ratio of 58.53 and a beta of 2.08. The company has a 50-day moving average price of C$3.14 and a 200 day moving average price of C$2.82.

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.