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An announcement from Calibre Mining ( (TSE:CXB) ) is now available.
Equinox Gold Corp. and Calibre Mining Corp. have completed a business combination, creating a diversified gold producer with operations in five countries, anchored by two major Canadian mines. This merger strengthens Equinox Gold’s position as the second largest gold producer in Canada, enhancing its scale and growth potential, and is expected to generate significant long-term value for shareholders.
The most recent analyst rating on (TSE:CXB) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Calibre Mining stock, see the TSE:CXB Stock Forecast page.
Spark’s Take on TSE:CXB Stock
According to Spark, TipRanks’ AI Analyst, TSE:CXB is a Outperform.
Calibre Mining’s robust financial performance and positive earnings call sentiment are key strengths. However, concerns about free cash flow and high valuation offset some positives. The technical indicators suggest limited bullish momentum, contributing to a balanced overall score.
To see Spark’s full report on TSE:CXB stock, click here.
More about Calibre Mining
Equinox Gold Corp. is a Canadian mining company focused on growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas. The company is guided by a seasoned leadership team and has a pipeline of development and expansion projects.
Average Trading Volume: 3,381,304
Technical Sentiment Signal: Buy
Current Market Cap: C$2.53B
Find detailed analytics on CXB stock on TipRanks’ Stock Analysis page.