Collective Mining Ltd. (TSE:CNL – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as C$3.02 and last traded at C$3.13, with a volume of 48390 shares. The stock had previously closed at C$3.05.
Analysts Set New Price Targets
Several equities research analysts have weighed in on CNL shares. Ventum Financial lifted their price target on shares of Collective Mining from C$8.50 to C$8.70 in a research note on Tuesday, May 28th. BMO Capital Markets set a C$8.25 price target on shares of Collective Mining and gave the company an “outperform” rating in a research note on Wednesday, June 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Collective Mining from C$7.25 to C$8.25 in a research note on Tuesday, April 23rd.
Get Our Latest Stock Analysis on CNL
Collective Mining Price Performance
Insider Buying and Selling
In other news, Director Ari B. Sussman purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average cost of C$3.10 per share, for a total transaction of C$77,500.00. In other Collective Mining news, Director Paul Murphy sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$5.07, for a total value of C$50,700.00. Also, Director Ari B. Sussman bought 25,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was bought at an average price of C$3.10 per share, for a total transaction of C$77,500.00. 33.66% of the stock is owned by corporate insiders.
Collective Mining Company Profile
Collective Mining Ltd., an exploration and development company, focuses on identifying and exploring prospective gold projects in South America. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Guayabales project consisting of 26 claims with a total area of 4,780.98 hectares located in the Caldas department of Colombia; and the San Antonio project covering an area of 4,729 hectares located in the department of Caldas, Colombia.
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