Equities Analysts Issue Forecasts for Calibre Mining Corp.’s Q1 2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Analysts at Cormark issued their Q1 2024 EPS estimates for shares of Calibre Mining in a research report issued on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Calibre Mining (TSE:CXB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The company had revenue of C$206.40 million for the quarter. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%.

Several other research analysts have also recently issued reports on CXB. Jefferies Financial Group increased their target price on shares of Calibre Mining from C$2.00 to C$2.25 and gave the stock a “buy” rating in a report on Monday. Raymond James increased their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Friday, April 19th. Canaccord Genuity Group increased their target price on shares of Calibre Mining from C$3.00 to C$3.75 in a report on Tuesday. Finally, National Bankshares dropped their target price on shares of Calibre Mining from C$2.50 to C$2.40 in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Calibre Mining has a consensus rating of “Moderate Buy” and a consensus target price of C$2.49.

Calibre Mining Trading Up 2.2 %

CXB stock opened at C$1.86 on Tuesday. The company has a debt-to-equity ratio of 3.72, a current ratio of 2.21 and a quick ratio of 0.97. Calibre Mining has a 12 month low of C$1.16 and a 12 month high of C$2.00. The firm’s 50-day moving average is C$1.71 and its 200 day moving average is C$1.47. The company has a market capitalization of C$1.34 billion, a PE ratio of 7.75 and a beta of 2.06.

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.