RE:Scotiabank CXB upgrade 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.