Calibre Mining (CVE:CXB) Price Target Raised to C$2.25 at Jefferies Financial Group

Calibre Mining (CVE:CXB) had its price objective upped by Jefferies Financial Group from C$2.00 to C$2.25 in a research report released on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other brokerages have also weighed in on CXB. National Bankshares cut their price target on Calibre Mining from C$2.50 to C$2.40 in a research note on Friday. Raymond James lifted their price target on Calibre Mining from C$2.00 to C$2.25 in a research note on Wednesday, March 20th. BMO Capital Markets set a C$2.00 price target on Calibre Mining and gave the company an outperform rating in a research note on Wednesday, April 17th. TD Securities lifted their price target on Calibre Mining from C$2.25 to C$2.50 and gave the company a buy rating in a research note on Monday, January 29th. Finally, Stifel Nicolaus lifted their price target on Calibre Mining from C$2.25 to C$2.50 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$2.27.

Calibre Mining Price Performance

Shares of Calibre Mining stock opened at C$0.58 on Monday. The company has a quick ratio of 6.94, a current ratio of 7.18 and a debt-to-equity ratio of 1.08. Calibre Mining has a twelve month low of C$0.30 and a twelve month high of C$0.75. The business has a 50-day moving average price of C$0.58 and a 200 day moving average price of C$0.58. The firm has a market cap of C$26.00 million and a PE ratio of -11.84.

Calibre Mining Company Profile

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.