FY2024 EPS Estimates for Calibre Mining Reduced by Analyst

Calibre Mining Corp. (TSE:CXB) – Equities researchers at Cormark dropped their FY2024 earnings per share estimates for Calibre Mining in a research note issued on Thursday, November 7th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

CXB has been the topic of several other research reports. National Bankshares cut their target price on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus lowered their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Canaccord Genuity Group increased their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. Raymond James boosted their price target on Calibre Mining from C$2.50 to C$3.00 in a research report on Friday, September 6th. Finally, National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$3.43.

Calibre Mining Price Performance

Calibre Mining stock opened at C$2.29 on Friday. Calibre Mining has a twelve month low of C$1.16 and a twelve month high of C$2.90. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 16.36 and a beta of 2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock’s fifty day simple moving average is C$2.55 and its 200-day simple moving average is C$2.21.

Calibre Mining (TSE:CXB) last released its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The company had revenue of C$187.89 million during the quarter. Calibre Mining had a return on equity of 7.54% and a net margin of 9.30%.

Insiders Place Their Bets

In related news, Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$2.67, for a total value of C$80,103.00. In other Calibre Mining news, Senior Officer Kristian Dagsaan sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total value of C$80,103.00. Also, Senior Officer Kevin James Riley sold 15,000 shares of Calibre Mining stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$2.56, for a total transaction of C$38,385.00. In the last ninety days, insiders have purchased 14,050 shares of company stock worth $29,074 and have sold 232,721 shares worth $637,453. Insiders own 6.32% of the company’s stock.

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.