Raymond James Lowers Calibre Mining (CVE:CXB) Price Target to C$2.00

Calibre Mining (CVE:CXB) had its price objective decreased by research analysts at Raymond James from C$2.25 to C$2.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 244.83% from the company’s current price.

Separately, Pi Financial cut their price objective on Calibre Mining from C$2.20 to C$2.00 and set a “buy” rating for the company in a research report on Thursday, October 26th.

Calibre Mining Trading Down 4.9 %

Shares of CXB opened at C$0.58 on Wednesday. The stock has a fifty day moving average price of C$0.58 and a two-hundred day moving average price of C$0.58. The company has a debt-to-equity ratio of 1.08, a quick ratio of 6.94 and a current ratio of 7.18. Calibre Mining has a 52-week low of C$0.30 and a 52-week high of C$0.75. The company has a market cap of C$26.00 million and a price-to-earnings ratio of -11.84.

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.