Calibre Mining (CVE:CXB) received a C$2.75 price objective from Raymond James in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target would indicate a potential upside of 374.14% from the company’s current price.
CXB has been the subject of several other research reports. TD Securities lowered their price target on shares of Calibre Mining from C$3.00 to C$2.75 and set a “buy” rating for the company in a research report on Tuesday, March 2nd. BMO Capital Markets raised Calibre Mining from a “market perform” rating to an “outperform” rating and set a C$2.50 price target on the stock in a research note on Tuesday, March 30th.
Shares of CXB stock opened at C$0.58 on Thursday. The firm has a market cap of C$26.00 million and a price-to-earnings ratio of -11.84. Calibre Mining has a 12 month low of C$0.30 and a 12 month high of C$0.75. The company has a quick ratio of 6.94, a current ratio of 7.18 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of C$0.58 and a 200 day moving average price of C$0.58.
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.
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