Raymond James Reiterates “C$2.25” Price Target for Calibre Mining (CVE:CXB)

Raymond James set a C$2.25 price objective on Calibre Mining (CVE:CXB) in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity boosted their target price on shares of Calibre Mining from C$2.25 to C$2.50 in a research note on Wednesday, May 20th. Pi Financial set a C$2.25 price target on shares of Calibre Mining and gave the stock a buy rating in a research report on Tuesday, July 7th.

The company has a market cap of $26.89 million and a PE ratio of -12.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 6.94 and a current ratio of 7.18. Calibre Mining has a one year low of C$0.30 and a one year high of C$0.74.

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.

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