Brokers Issue Forecasts for Calibre Mining Corp.’s FY2024 Earnings (TSE:CXB)
Calibre Mining Corp. (TSE:CXB – Free Report) – Investment analysts at Cormark decreased their FY2024 EPS estimates for Calibre Mining in a report issued on Thursday, May 16th. Cormark analyst N. Dion now anticipates that the company will post earnings of $0.16 per share for the year, down from their previous forecast of $0.19. The consensus estimate for Calibre Mining’s current full-year earnings is $0.22 per share.
Several other research firms have also issued reports on CXB. TD Securities lifted their target price on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a report on Monday, January 29th. Jefferies Financial Group upped 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 research note on Monday, April 22nd. Raymond James raised their price target on shares of Calibre Mining from C$2.25 to C$2.50 in a research report on Tuesday, April 23rd. Canaccord Genuity Group upped their price target on Calibre Mining from C$3.00 to C$3.75 in a report on Tuesday, April 23rd. Finally, BMO Capital Markets lifted their price objective on Calibre Mining from C$2.00 to C$3.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$2.64.
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Calibre Mining Stock Performance
Shares of CXB stock opened at C$2.29 on Monday. The stock has a market cap of C$1.80 billion, a PE ratio of 9.16 and a beta of 2.07. 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 12 month low of C$1.16 and a 12 month high of C$2.29. The company’s fifty day moving average price is C$1.88 and its 200-day moving average price is C$1.55.
Calibre Mining (TSE:CXB – Get Free Report) last posted 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. The business had revenue of C$206.40 million for the quarter. Calibre Mining had a return on equity of 16.87% and a net margin of 15.14%.
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.
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