company background image
CXB

Calibre Mining TSX:CXB Stock Report

Last Price

CA$0.95

Market Cap

CA$427.1m

7D

5.6%

1Y

-27.5%

Updated

30 Sep, 2022

Data

Company Financials +
CXB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

CXB Stock Overview

Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties.

Calibre Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Calibre Mining
Historical stock prices
Current Share PriceCA$0.95
52 Week HighCA$1.76
52 Week LowCA$0.84
Beta2.74
1 Month Change0%
3 Month Change-2.06%
1 Year Change-27.48%
3 Year Changen/a
5 Year Change-29.63%
Change since IPO-90.40%

Recent News & Updates

Shareholder Returns

CXBCA Metals and MiningCA Market
7D5.6%7.4%-0.008%
1Y-27.5%-7.9%-6.6%

Return vs Industry: CXB underperformed the Canadian Metals and Mining industry which returned -10.6% over the past year.

Return vs Market: CXB underperformed the Canadian Market which returned -6.2% over the past year.

Price Volatility

Is CXB's price volatile compared to industry and market?
CXB volatility
CXB Average Weekly Movement9.0%
Metals and Mining Industry Average Movement11.7%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.8%

Stable Share Price: CXB is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CXB's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19692,754Darren Hallhttps://www.calibremining.com

Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. It primarily explores for gold, silver, and copper deposits. The company holds 100% interests in the El Limon and La Libertad gold mines, the Pavon gold project, and other mineral concessions in Nicaragua, Central America; and the Borosi Gold-Silver-Copper project located in the North Atlantic Autonomous Region of Nicaragua, Central America.

Calibre Mining Fundamentals Summary

How do Calibre Mining's earnings and revenue compare to its market cap?
CXB fundamental statistics
Market CapCA$427.07m
Earnings (TTM)CA$77.98m
Revenue (TTM)CA$519.16m

5.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CXB income statement (TTM)
RevenueUS$378.14m
Cost of RevenueUS$159.75m
Gross ProfitUS$218.39m
Other ExpensesUS$161.59m
EarningsUS$56.80m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 01, 2022

Earnings per share (EPS)0.13
Gross Margin57.75%
Net Profit Margin15.02%
Debt/Equity Ratio0%

How did CXB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CXB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA1.6x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

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

CXB PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average47.5x
VGCX Victoria Gold
4.8x-4.0%CA$527.9m
KRR Karora Resources
39.8x64.5%CA$493.6m
AR Argonaut Gold
132.4x49.3%CA$322.1m
ORA Aura Minerals
12.9x9.8%CA$648.6m
CXB Calibre Mining
5.5x41.4%CA$427.1m

Price-To-Earnings vs Peers: CXB is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (47.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: CXB is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Canadian Metals and Mining industry average (9.5x)


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 Ratio5.5x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: CXB is good value based on its Price-To-Earnings Ratio (5.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).


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$0.95) is trading below our estimate of fair value (CA$5.07)

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


Analyst Price Targets

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

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.


Discover undervalued companies

Future Growth

How is Calibre Mining forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


41.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CXB's forecast earnings growth (41.4% per year) is above the savings rate (1.6%).

Earnings vs Market: CXB's earnings (41.4% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: CXB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CXB's revenue (12.9% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: CXB's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CXB's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Calibre Mining performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


68.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CXB has high quality earnings.

Growing Profit Margin: CXB's current net profit margins (15%) are lower than last year (26%).


Past Earnings Growth Analysis

Earnings Trend: CXB has become profitable over the past 5 years, growing earnings by 68% per year.

Accelerating Growth: CXB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CXB had negative earnings growth (-33%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.3%).


Return on Equity

High ROE: CXB's Return on Equity (13.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Calibre Mining's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CXB's short term assets ($196.9M) exceed its short term liabilities ($63.6M).

Long Term Liabilities: CXB's short term assets ($196.9M) exceed its long term liabilities ($134.8M).


Debt to Equity History and Analysis

Debt Level: CXB is debt free.

Reducing Debt: CXB had no debt 5 years ago.

Debt Coverage: CXB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CXB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Calibre Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Calibre Mining Dividend Yield vs Market
How does Calibre Mining dividend yield compare to the market?
SegmentDividend Yield
Company (Calibre Mining)n/a
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Calibre Mining)0%

Notable Dividend: Unable to evaluate CXB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CXB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CXB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXB's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CXB has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Darren Hall (55 yo)

1.5yrs

Tenure

US$1,699,830

Compensation

Mr. Darren Hall serves as President, Chief Executive Officer and Director at Calibre Mining Corporation since February 26, 2021 and served as Senior Vice President and Chief Operating Officer since October...


CEO Compensation Analysis

Darren Hall's Compensation vs Calibre Mining Earnings
How has Darren Hall's remuneration changed compared to Calibre Mining's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$57m

Mar 31 2022n/an/a

US$53m

Dec 31 2021US$2mUS$301k

US$58m

Sep 30 2021n/an/a

US$67m

Jun 30 2021n/an/a

US$85m

Mar 31 2021n/an/a

US$67m

Dec 31 2020US$988kUS$220k

US$63m

Sep 30 2020n/an/a

US$43m

Jun 30 2020n/an/a

US$9m

Mar 31 2020n/an/a

US$14m

Dec 31 2019US$863kUS$92k

US$920k

Compensation vs Market: Darren's total compensation ($USD1.70M) is above average for companies of similar size in the Canadian market ($USD1.26M).

Compensation vs Earnings: Darren's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CXB's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: CXB's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CXB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSX:CXB Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Jul 22BuyCA$44,620Darren HallIndividual50,000CA$0.89
04 Jul 22BuyCA$14,850David SplettIndividual15,000CA$0.99
31 May 22BuyCA$49,999David SplettIndividual41,666CA$1.20
18 May 22BuyCA$21,800Jason GreggIndividual20,000CA$1.09
17 May 22BuyCA$3,270Ryan KingIndividual3,000CA$1.09
17 May 22BuyCA$54,040Darren HallIndividual50,000CA$1.08
16 May 22BuyCA$17,490Thomas GalloIndividual16,500CA$1.06
13 May 22BuyCA$2,180Ryan KingIndividual2,000CA$1.09
12 May 22BuyCA$53,875Darren HallIndividual50,000CA$1.08
11 May 22BuyCA$9,949Ryan KingIndividual8,500CA$1.20
10 May 22BuyCA$29,250Darren HallIndividual25,000CA$1.17
26 Apr 22BuyCA$19,856Petri SaloperaIndividual14,600CA$1.36
25 Mar 22BuyCA$1,550Ryan KingIndividual1,000CA$1.55
18 Mar 22BuyCA$2,940Ryan KingIndividual2,000CA$1.47
14 Mar 22BuyCA$12,727Petri SaloperaIndividual8,900CA$1.43
10 Mar 22BuyCA$1,540Ryan KingIndividual1,000CA$1.54
09 Mar 22BuyCA$1,510Ryan KingIndividual1,000CA$1.51
04 Mar 22BuyCA$1,350Ryan KingIndividual1,000CA$1.35
03 Mar 22BuyCA$2,671Ryan KingIndividual2,000CA$1.34
01 Mar 22BuyCA$1,290Ryan KingIndividual1,000CA$1.29
01 Mar 22SellCA$45,718Jason GreggIndividual36,064CA$1.32
28 Feb 22BuyCA$7,366Ryan KingIndividual6,000CA$1.26
25 Feb 22BuyCA$9,300Thomas GalloIndividual7,500CA$1.24
25 Feb 22BuyCA$181,500Darren HallIndividual150,000CA$1.21
07 Jan 22BuyCA$40,800Thomas GalloIndividual34,000CA$1.20
08 Dec 21BuyCA$11,050Petri SaloperaIndividual8,500CA$1.30
07 Dec 21BuyCA$22,860Jason GreggIndividual18,000CA$1.27
03 Dec 21BuyCA$11,340Petri SaloperaIndividual9,000CA$1.26
01 Dec 21BuyCA$11,857Petri SaloperaIndividual8,500CA$1.39
29 Nov 21BuyCA$7,100Petri SaloperaIndividual5,000CA$1.42
26 Nov 21BuyCA$11,600Jason GreggIndividual8,000CA$1.45
26 Nov 21BuyCA$44,355Petri SaloperaIndividual30,000CA$1.51
11 Nov 21BuyCA$39,500Darren HallIndividual25,000CA$1.58
08 Nov 21BuyCA$75,924Thomas GalloIndividual51,300CA$1.48

Ownership Breakdown

What is the ownership structure of CXB?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders13,660,1033.0%
Hedge Funds33,150,1907.4%
Institutions77,803,80717.3%
Public Companies110,950,33324.7%
General Public213,981,96147.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.4%.


Top Shareholders

Top 25 shareholders own 50.73% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.68%
B2Gold Corp.
110,950,333$105.4m-0.57%no data
7.37%
Luxor Capital Group, LP
33,150,190$31.5m0%1.07%
3.64%
Van Eck Associates Corporation
16,385,749$15.6m1.84%0.02%
3.16%
Invesco Ltd.
14,224,329$13.5m8.96%no data
2.47%
ASA Gold and Precious Metals Limited
11,083,000$10.5m0%2.73%
1.51%
LLB Swiss Investment AG
6,800,000$6.5m0%1.11%
1%
BlackRock, Inc.
4,475,989$4.3m1.02%no data
0.83%
Blayne Johnson
3,732,879$3.5m2.05%no data
0.78%
CQS (UK) LLP
3,499,312$3.3m0%0.69%
0.76%
Ruffer LLP
3,398,100$3.2m0%0.02%
0.67%
Douglas Forster
3,029,997$2.9m2.54%no data
0.64%
RBC Global Asset Management Inc.
2,863,200$2.7m-30.59%no data
0.5%
CM-CIC Asset Management Société anonyme
2,250,000$2.1m0%0.03%
0.36%
Sprott Asset Management LP
1,626,000$1.5m36%0.05%
0.28%
Quarry Capital Corporation
1,263,000$1.2m0%50.59%
0.28%
U.S. Global Investors, Inc.
1,250,000$1.2m-28.57%0.03%
0.27%
Darren Hall
1,227,617$1.2m4.25%no data
0.25%
Douglas Hurst
1,140,934$1.1m0%no data
0.24%
Edward Farrauto
1,093,606$1.0m2.34%no data
0.22%
Goodman & Company, Investment Counsel Inc.
997,000$947.2k0%5.71%
0.22%
Craton Capital
975,000$926.3k0%1.84%
0.18%
William Patterson
813,769$773.1k0%no data
0.15%
Ninepoint Partners LP
677,600$643.7k0%0.03%
0.13%
PEH Wertpapier AG
604,100$573.9k0%0.04%
0.12%
Argenta Bank- en Verzekeringsgroep nv, Asset Management Arm
542,108$515.0k0%0.03%

Company Information

Calibre Mining Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Calibre Mining Corp.
  • Ticker: CXB
  • Exchange: TSX
  • Founded: 1969
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$427.069m
  • Shares outstanding: 449.55m
  • Website: https://www.calibremining.com

Number of Employees


Location

  • Calibre Mining Corp.
  • 595 Burrard Street
  • Suite 413
  • Vancouver
  • British Columbia
  • V7X 1J1
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CXBTSX (The Toronto Stock Exchange)YesCommon SharesCACADJan 1990
WCLADB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1990
CXBM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1990

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.