Calibre Mining price target lowered to C$3 from C$3.50 at Jefferies

Jefferies lowered the firm’s price target on Calibre Mining (CXBMF) to C$3 from C$3.50 and keeps a Buy rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.