Calibre Mining Corp.

TSX:CXB Stock Report

Market Cap: CA$1.8b

Calibre Mining Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: CXB (CA$2.14) is trading below our estimate of fair value (CA$14.06)

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 Ratio42.3x
EarningsUS$30.08m
Market CapUS$1.28b

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 Average24x
WDO Wesdome Gold Mines
20.4x16.5%CA$1.7b
CG Centerra Gold
11.7x19.3%CA$1.7b
KNT K92 Mining
19.1x29.9%CA$2.0b
SSL Sandstorm Gold
44.8x86.6%CA$2.3b
CXB Calibre Mining
42.3x31.1%CA$1.8b

Price-To-Earnings vs Peers: CXB is expensive based on its Price-To-Earnings Ratio (42.3x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

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

36 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IMG IAMGOLD
3.9x-10.3%US$2.84b
SLI Standard Lithium
2.6xn/aUS$322.28m
QRC Queen's Road Capital Investment
2.2xn/aUS$244.29m
STGO Steppe Gold
2.3xn/aUS$123.82m
CXB 42.3xIndustry Avg. 12.8xNo. of Companies36PE01632486480+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CXB is expensive based on its Price-To-Earnings Ratio (42.3x) compared to the Canadian Metals and Mining industry average (12.8x).

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 Ratio42.3x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: CXB is expensive based on its Price-To-Earnings Ratio (42.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

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$2.14
CA$3.64
+69.9%
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$2.00n/a6
Dec ’24CA$1.34
CA$2.21
+64.8%
16.6%CA$3.00CA$2.00n/a6
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
Dec ’23CA$0.90
CA$1.80
+100.0%
23.8%CA$2.70CA$1.50CA$1.349
Nov ’23CA$0.72
CA$1.86
+158.5%
24.1%CA$2.70CA$1.50CA$1.409

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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