Collective Mining (TSE:CNL) PT Set at C$8.50 by Scotiabank

Scotiabank set a C$8.50 target price on Collective Mining (TSE:CNL) in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Canaccord Genuity Group boosted their price objective on shares of Collective Mining from C$8.25 to C$8.75 in a research report on Tuesday, July 23rd.

Collective Mining Stock Performance

CNL opened at C$5.20 on Monday. The company’s 50 day moving average is C$4.61 and its 200 day moving average is C$4.17. The company has a current ratio of 7.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a market cap of C$354.90 million, a price-to-earnings ratio of -11.06 and a beta of 0.87. Collective Mining has a 12-month low of C$3.02 and a 12-month high of C$5.50.

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.