Calibre Mining Corp.

TSX:CXB Stock Report

Market Cap: CA$2.0b

Calibre Mining Valuation

Is CXB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CXB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CA$14.80
Fair Value
84.3% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: CXB (CA$2.32) is trading below our estimate of fair value (CA$14.8)

Significantly Below Fair Value: CXB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CXB?

Key metric: As CXB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CXB. This is calculated by dividing CXB's market cap by their current earnings.
What is CXB's PE Ratio?
PE Ratio45.1x
EarningsUS$30.08m
Market CapUS$1.36b

Price to Earnings Ratio vs Peers

How does CXB's PE Ratio compare to its peers?

The above table shows the PE ratio for CXB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
WDO Wesdome Gold Mines
25x24.8%CA$2.0b
KNT K92 Mining
21.5x26.7%CA$2.4b
SSL Sandstorm Gold
48.1x54.4%CA$2.4b
CG Centerra Gold
11.8x10.9%CA$1.8b
CXB Calibre Mining
45.1x29.0%CA$2.0b

Price-To-Earnings vs Peers: CXB is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (26.6x).

Price to Earnings Ratio vs Industry

How does CXB's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

44 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IMG IAMGOLD
4.2x-3.7%US$3.19b
SLI Standard Lithium
2.7xn/aUS$279.96m
DRX ADF Group
4.4x-5.9%US$177.01m
THX Thor Explorations
3.1x2.4%US$149.04m
CXB 45.1xIndustry Avg. 13.3xNo. of Companies44PE020406080100+
44 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CXB is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the Canadian Metals and Mining industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is CXB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CXB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.1x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: CXB is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CXB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.32
CA$3.63
+56.3%
16.1%CA$5.00CA$3.00n/a11
Jan ’26CA$2.15
CA$3.69
+71.7%
14.8%CA$5.00CA$3.00n/a11
Dec ’25CA$2.50
CA$3.64
+45.5%
14.3%CA$5.00CA$3.00n/a11
Nov ’25CA$2.46
CA$3.73
+51.7%
14.7%CA$5.00CA$3.00n/a11
Oct ’25CA$2.59
CA$3.30
+27.2%
19.2%CA$5.00CA$2.75n/a11
Sep ’25CA$2.28
CA$3.00
+31.6%
13.3%CA$4.00CA$2.50n/a11
Aug ’25CA$2.08
CA$2.98
+43.0%
14.3%CA$4.00CA$2.50n/a10
Jul ’25CA$1.80
CA$2.85
+58.3%
15.1%CA$3.75CA$2.25n/a10
Jun ’25CA$2.06
CA$2.81
+36.4%
14.0%CA$3.75CA$2.25n/a10
May ’25CA$2.06
CA$2.62
+26.9%
19.8%CA$3.75CA$2.00n/a10
Apr ’25CA$1.69
CA$2.32
+37.4%
17.9%CA$3.25CA$2.00n/a7
Mar ’25CA$1.63
CA$2.33
+43.1%
19.6%CA$3.25CA$2.00n/a9
Feb ’25CA$1.44
CA$2.46
+71.1%
19.1%CA$3.25CA$2.00n/a7
Jan ’25CA$1.36
CA$2.21
+62.4%
16.6%CA$3.00CA$2.00CA$2.156
Dec ’24CA$1.34
CA$2.21
+64.8%
16.6%CA$3.00CA$2.00CA$2.506
Nov ’24CA$1.40
CA$2.22
+58.5%
14.3%CA$3.00CA$2.00CA$2.468
Oct ’24CA$1.30
CA$2.36
+81.2%
16.0%CA$3.00CA$2.00CA$2.599
Sep ’24CA$1.57
CA$2.36
+50.0%
16.0%CA$3.00CA$2.00CA$2.289
Aug ’24CA$1.68
CA$2.36
+40.2%
16.0%CA$3.00CA$2.00CA$2.089
Jul ’24CA$1.39
CA$2.36
+69.5%
16.0%CA$3.00CA$2.00CA$1.809
Jun ’24CA$1.61
CA$2.33
+44.6%
16.9%CA$3.00CA$2.00CA$2.069
May ’24CA$1.56
CA$2.27
+45.7%
19.6%CA$3.00CA$1.75CA$2.069
Apr ’24CA$1.32
CA$2.05
+55.3%
21.7%CA$3.00CA$1.70CA$1.699
Mar ’24CA$1.14
CA$1.99
+74.5%
24.8%CA$3.00CA$1.50CA$1.639
Feb ’24CA$1.15
CA$1.93
+67.6%
20.0%CA$2.70CA$1.50CA$1.449
Jan ’24CA$0.90
CA$1.80
+100.0%
23.8%CA$2.70CA$1.50CA$1.369
Analyst Price Target
Consensus Narrative from 11 Analysts
CA$3.63
Fair Value
36.0% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/15 22:57
End of Day Share Price 2025/01/15 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Calibre Mining Corp. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael CurranBeacon Securities Limited
Brian QuastBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity