Calibre Mining (TSE:CXB) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$137.3m (down 1.4% from 2Q 2023).
- Net income: US$20.8m (down 38% from 2Q 2023).
- Profit margin: 15% (down from 24% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.027 (down from US$0.073 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Calibre Mining Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are up 4.0% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Calibre Mining (1 can’t be ignored!) that you need to be mindful of.
