Equities Analysts Issue Forecasts for Calibre Mining Corp.’s Q1 2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Investment analysts at Cormark issued their Q1 2024 EPS estimates for shares of Calibre Mining in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst N. Dion anticipates that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Calibre Mining’s current full-year earnings is $0.20 per share.

Calibre Mining (TSE:CXB) last released its earnings results on Tuesday, February 20th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.02. Calibre Mining had a net margin of 15.14% and a return on equity of 16.87%. The company had revenue of C$206.40 million for the quarter.

Several other research firms have also commented on CXB. Raymond James increased their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a report on Tuesday. Jefferies Financial Group increased their price target on shares of Calibre Mining from C$2.00 to C$2.25 and gave the company a “buy” rating in a research report on Monday. TD Securities increased their price target on shares of Calibre Mining from C$2.25 to C$2.50 and gave the company a “buy” rating in a research report on Monday, January 29th. BMO Capital Markets set a C$2.00 price target on shares of Calibre Mining and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Canaccord Genuity Group increased their price target on shares of Calibre Mining from C$3.00 to C$3.75 in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$2.49.

Calibre Mining Price Performance

CXB stock opened at C$1.86 on Tuesday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.97 and a current ratio of 2.21. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.00. The firm’s fifty day moving average is C$1.71 and its 200 day moving average is C$1.47. The firm has a market cap of C$1.34 billion, a P/E ratio of 7.75 and a beta of 2.06.

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.