Collective Mining (TSE:CNL) Price Target Raised to C$8.25

Collective Mining (TSE:CNL) had its price objective upped by Canaccord Genuity Group from C$7.25 to C$8.25 in a research note published on Tuesday morning, BayStreet.CA reports.

Collective Mining Trading Up 1.4 %

Shares of TSE:CNL opened at C$4.45 on Tuesday. The stock has a market capitalization of C$289.87 million, a price-to-earnings ratio of -9.89 and a beta of 0.69. Collective Mining has a 1-year low of C$3.67 and a 1-year high of C$7.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 4.15. The company has a 50 day moving average price of C$4.20 and a 200 day moving average price of C$4.38.

Insider Activity

In related news, Director Paul Murphy sold 36,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$4.36, for a total value of C$156,960.00. Over the last 90 days, insiders sold 66,855 shares of company stock valued at $297,682. Insiders own 33.40% of the company’s stock.

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.