Calibre Mining (CXB) Scheduled to Post Quarterly Earnings on Tuesday

Calibre Mining (TSE:CXB) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

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

Calibre Mining Price Performance

TSE CXB opened at C$2.04 on Tuesday. The company has a 50-day moving average price of C$1.79 and a two-hundred day moving average price of C$1.50. The stock has a market cap of C$1.47 billion, a price-to-earnings ratio of 8.50 and a beta of 2.06. The company has a current ratio of 2.21, a quick ratio of 0.97 and a debt-to-equity ratio of 3.72. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.13.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CXB. National Bankshares reduced their price objective on Calibre Mining from C$2.50 to C$2.40 in a research report on Friday, April 19th. BMO Capital Markets set a C$2.00 price objective on Calibre Mining and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Stifel Nicolaus boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a research report on Friday, April 19th. Canaccord Genuity Group boosted their price objective on Calibre Mining from C$3.00 to C$3.75 in a research report on Tuesday, April 23rd. Finally, Raymond James boosted their price objective on Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$2.49.

Calibre Mining Company Profile

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.