GLOBE SAYS Globe says Terentiew maintains Calibre Mining at "buy"
Calibre Mining Corp (2) (C:CXB)
Shares Issued 838,657,676
Last Close 1/21/2025 $2.42
Tuesday January 21 2025 - In the News
The Globe and Mail reports in its Tuesday, Jan. 21, edition that Ventum Capital Markets analyst Alex Terentiew has reaffirmed his "buy" recommendation and $3.30 share target for Calibre Mining.
The Globe's David Leeder writes that analysts on average target the shares at $3.60. Mr. Terentiew says in a note: "Calibre is a growing mid-tier gold producer with a track record of accretive M&A and successful exploration, in both Nicaragua and Canada, that has underpinned production growth and strong share price performance.
Despite outperforming its peers in 2024, we think Calibre's potential has yet to be adequately valued in the market, with upside to be realized once Valentine commences production in mid-2025 and the project's substantial exploration upside is tested.
Once in full production, we expect Valentine to account for almost half of the company's ounces, but more than half of its earnings given its lower-cost profile." The Globe reported on Oct. 11 that National Bank analyst Don DeMarco had upgraded Calibre to "outperform" from "sector perform." The shares were then worth $2.86. The Globe reported on Jan. 10 that Mr. DeMarco was sticking with his "outperform" call when the shares were worth $2.37.