Collective Mining (TSE:CNL) PT Raised to C$8.75

Collective Mining (TSE:CNL) had its target price increased by Canaccord Genuity Group from C$8.25 to C$8.75 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other analysts have also issued reports on the company. Ventum Financial boosted their target price on 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 target price on Collective Mining and gave the company an outperform rating in a research note on Wednesday, June 19th.

Collective Mining Stock Performance

Shares of CNL opened at C$3.63 on Tuesday. The firm has a market cap of C$247.53 million, a PE ratio of -8.07 and a beta of 0.67. The stock’s fifty day moving average price is C$3.70 and its two-hundred day moving average price is C$4.01. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.49 and a quick ratio of 1.18. Collective Mining has a 1 year low of C$3.02 and a 1 year high of C$6.53.

Insider Activity at Collective Mining

In related news, insider Pasquale Dicapo acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average cost of C$3.25 per share, for a total transaction of C$325,000.00. In other Collective Mining news, Director Ari B. Sussman bought 25,000 shares of Collective Mining stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average cost of C$3.10 per share, for a total transaction of C$77,500.00. Also, insider Pasquale Dicapo bought 100,000 shares of Collective Mining stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of C$3.25 per share, with a total value of C$325,000.00. In the last three months, insiders have purchased 130,000 shares of company stock worth $418,600. 33.66% of the stock is owned by company 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.