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.
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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