Scotiabank boosted its estimation of Calibre Mining Corp’s (TSX: CXB) (OTCQX: CXBMF) target price from CAD$2.25 to CAD$2.75 in a research report released on Thursday.
Several equity analysts have also given the company a positive grade based on strong metrics.
Calibre shares opened at CAD $2.14 on Friday. Furthermore, the firm has a market capitalization of CAD$1.64 billion, a price-to-earnings (PE) ratio of 11.56, and a beta of 2.07. The company also maintains a debt-to-equity ratio of 44.76, a current ratio of 2.16, and a quick ratio of 0.97. Its 50-day moving average stands at CAD $1.92, while its 200-day moving average is CAD $1.57. Over the past fifty-two weeks, Calibre Mining’s stock has ranged from a low of CAD $1.16 to a high of CAD $2.34.
The PE ratio measures a company’s current share price relative to its earnings per share (EPS), indicating how much investors are willing to pay for each dollar of earnings. A higher PE ratio suggests that investors expect higher future growth.
Beta measures a stock’s volatility compared to the overall market, with a beta of 1 indicating that the stock moves in line with the market, while a beta above 1 indicates greater volatility.
Furthermore, the debt-to-equity ratio compares a company’s total debt to its shareholders’ equity, assessing financial leverage and risk. A current ratio measures a company’s ability to cover its short-term liabilities with its short-term assets, with a ratio above 1 indicating good liquidity.
The quick ratio is similar to the current ratio but excludes inventory. It provides a more stringent measure of a company’s short-term liquidity. Moving averages help to identify trends and potential support or resistance levels.
Read more: Calibre Mining Valentine Gold Mine construction nearly complete
Read more: Calibre Mining honoured for outstanding safety practices at Valentine gold mine
Calibre beats consensus projections of earnings per share
National Bankshares increased their price target for Calibre Mining shares from CAD$2.40 to CAD$2.60 and assigned the company a sector perform rating in a research report earlier this month. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of CAD$2.65.
This follows previous analyst recommendations.
Stifel Nicolaus boosted its price target for Calibre Mining shares from CAD$2.25 to CAD$2.50 in a research note in April. Meanwhile, Jefferies Financial Group raised their target price for Calibre Mining shares from CAD$2.00 to CAD$2.25 and gave the stock a buy rating in a research report also in April.
Raymond James, in a report in April, also increased its target price from CAD$2.25 to CAD$2.50.
Calibre Mining Corp is a mid-tier gold producer with an array of high-quality exploration and mining assets in Nicaragua and Nevada.
In addition to its flagship operations, Calibre recently expanded its portfolio with the acquisition of the Valentine Mining Project in Newfoundland from Marathon Gold. The company closed this acquisition in early 2024 and it includes a significant land package with promising gold resources and reserves. The Valentine Mining Project is expected to contribute to the company’s growth and production profile, leveraging Calibre’s expertise in project development and operational efficiency.
Calibre released its quarterly earnings results last on Tuesday, February 20th. The company reported earnings of $CAD 0.07 per share for the quarter, surpassing the consensus estimate of CAD $0.05 by CAD $0.02. Calibre Mining achieved a net margin of 11.47 per cent and a return on equity of 10.32 per cent. The firm generated revenue of CAD $206.40 million for the quarter
.
Calibre Mining is a sponsor of Mugglehead news coverage
.
