Calibre Mining (OTCMKTS:CXBMF) Receives New Coverage from Analysts at Benchmark

Analysts at Benchmark started coverage on shares of Calibre Mining (OTCMKTS:CXBMF) in a report released on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised shares of Calibre Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, March 29th. Scotiabank lowered their price objective on shares of Calibre Mining from $3.00 to $2.75 and set an “outperform” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Calibre Mining currently has an average rating of “Buy” and a consensus target price of $2.50.

Calibre Mining stock traded down $0.08 during midday trading on Thursday, hitting $1.38. 42,655 shares of the company’s stock were exchanged, compared to its average volume of 91,135. Calibre Mining has a 12-month low of $0.48 and a 12-month high of $2.40. The firm’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.57.

About Calibre Mining

Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in Nicaragua. It explores for gold, silver, and copper deposits. The company holds a 100% interest in the Borosi Gold-Silver-Copper Project located in the North Atlantic Autonomous Region of Nicaragua, Central America; and 100% interest in mineral concessions covering an area of 667 square kilometers in the mining triangle of northeast Nicaragua, including the Primavera Gold-Copper Porphyry Project, Cerro Aeropuerto Project, and Santa Maria Gold-Silver Project.

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Analyst Recommendations for Calibre Mining (OTCMKTS:CXBMF)

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