Calibre Mining (TSE:CXB) Reaches New 12-Month High – Should You Buy?

Shares of Calibre Mining Corp. (TSE:CXB) reached a new 52-week high during trading on Friday . The company traded as high as C$2.90 and last traded at C$2.88, with a volume of 151596 shares trading hands. The stock had previously closed at C$2.86.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. National Bankshares reduced their price objective on shares of Calibre Mining from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Stifel Nicolaus lowered their price objective on Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Ventum Financial set a C$3.30 target price on Calibre Mining and gave the stock a “buy” rating in a research report on Thursday, January 30th. Ventum Cap Mkts upgraded Calibre Mining to a “strong-buy” rating in a research report on Friday, January 17th. Finally, TD Securities decreased their price objective on shares of Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Calibre Mining currently has an average rating of “Buy” and an average target price of C$3.40.

Calibre Mining Price Performance

The firm has a market capitalization of C$2.23 billion, a P/E ratio of 20.21 and a beta of 2.08. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 39.77. The business’s 50-day simple moving average is C$2.37 and its 200 day simple moving average is C$2.38.

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.