Cormark Predicts Calibre Mining’s FY2024 Earnings (TSE:CXB)

Calibre Mining Corp. (TSE:CXB) – Investment analysts at Cormark cut their FY2024 EPS estimates for Calibre Mining in a research report issued on Thursday, November 7th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.11. The consensus estimate for Calibre Mining’s current full-year earnings is $0.39 per share.

Calibre Mining (TSE:CXB) last issued its earnings results on Monday, August 12th. The company reported C$0.04 earnings per share for the quarter, meeting the consensus estimate of C$0.04. The business had revenue of C$187.89 million for the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%.

A number of other research firms also recently commented on CXB. Jefferies Financial Group boosted their price objective on shares of Calibre Mining from C$2.75 to C$3.50 in a report on Friday, October 4th. Scotiabank boosted their price objective on shares of Calibre Mining from C$2.75 to C$3.00 in a report on Monday, August 19th. National Bank Financial raised shares of Calibre Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares reduced their price target on shares of Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped their price target on shares of Calibre Mining from C$3.75 to C$4.00 in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Calibre Mining has an average rating of “Buy” and an average target price of C$3.43.

Calibre Mining Stock Up 2.2 %

CXB stock opened at C$2.29 on Friday. The company has a market cap of C$1.81 billion, a P/E ratio of 16.29 and a beta of 2.08. Calibre Mining has a 52 week low of C$1.16 and a 52 week high of C$2.90. The company’s 50-day moving average price is C$2.55 and its 200 day moving average price is C$2.21. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

Insider Buying and Selling

In related news, Senior Officer Kevin James Riley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. In other Calibre Mining news, Senior Officer Kevin James Riley sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$2.56, for a total transaction of C$38,385.00. Also, Senior Officer Kristian Dagsaan sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00. Over the last quarter, insiders purchased 14,050 shares of company stock valued at $29,074 and sold 232,721 shares valued at $637,453. 6.32% of the stock is currently owned by company insiders.

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.