Collective Mining (TSE:CNL) Sets New 1-Year High – What’s Next?

Collective Mining Ltd. (TSE:CNL) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$23.94 and last traded at C$22.93, with a volume of 304830 shares trading hands. The stock had previously closed at C$22.65.

Analysts Set New Price Targets

Separately, National Bankshares set a C$22.75 price target on shares of Collective Mining and gave the company an “outperform” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Collective Mining presently has a consensus rating of “Buy” and a consensus price target of C$17.38.

Collective Mining Price Performance

The stock has a market cap of C$2.47 billion, a P/E ratio of -52.45 and a beta of 0.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The firm has a 50-day moving average price of C$19.10 and a 200-day moving average price of C$17.14.

About Collective Mining

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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.