Collective Mining (TSE:CNL) Sets New 12-Month High – Still a Buy?

Collective Mining Ltd. (TSE:CNL) reached a new 52-week high during trading on Wednesday . The company traded as high as C$6.98 and last traded at C$6.82, with a volume of 14804 shares. The stock had previously closed at C$6.93.

Analysts Set New Price Targets

Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the company an “outperform” rating in a report on Monday, November 4th.

Collective Mining Stock Down 0.9 %

The company has a market cap of C$468.88 million, a P/E ratio of -14.62 and a beta of 0.87. The company’s 50-day moving average is C$5.56 and its two-hundred day moving average is C$4.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18.

Collective Mining Company Profile

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production.