GLOBE SAYS Globe says Hamed keeps Calibre Mining at "outperform"
Calibre Mining Corp (2) (C:CXB)
Shares Issued 787,718,664
Last Close 9/6/2024 $2.19
Friday September 6 2024 - In the News
The Globe and Mail reports in its Friday, Sept. 6, edition that Raymond James analyst Farooq Hamed has reaffirmed his "outperform" recommendation for Calibre Mining.
The Globe's David Leeder writes in the Eye On Equities column that Mr. Hamed gave his share target a 50-cent boost to $3. ( About timew he did )
Analysts on average target the shares at $2.96.
Mr. Hamed says in a note: "We visited Calibre Mining's Valentine gold project in Newfoundland, Canada, and observed that development is well progressed across the major project components making a 2Q25 start up achievable.
Beyond gaining comfort that the project should meet its start up timeline, we came away with the view that phase one of the project could ramp above the stated capacity in the LOM plan with the potential for a larger expansion in phase two."
The Globe reported on March 1 that National Bank Financial analyst Don DeMarco rated Calibre Mining "sector perform" in new coverage. The shares were then going for $1.55. The Globe reported on March 20 that Stifel analyst Ingrid Rico had commenced coverage on Calibre Mining with a "buy" recommendation and a share target of $2.25. Calibre Mining shares could then be had for $1.81.