129,585 Shares in Collective Mining Ltd. $CNL Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. purchased a new stake in Collective Mining Ltd. (NYSEAMERICAN:CNL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 129,585 shares of the company’s stock, valued at approximately $1,588,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deutsche Bank AG raised its stake in shares of Collective Mining by 244.4% in the second quarter. Deutsche Bank AG now owns 7,715 shares of the company’s stock worth $95,000 after purchasing an additional 5,475 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Collective Mining by 5.4% during the second quarter. TD Asset Management Inc now owns 84,750 shares of the company’s stock valued at $1,042,000 after buying an additional 4,364 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Collective Mining during the second quarter valued at approximately $61,000. Groupe la Francaise grew its holdings in Collective Mining by 88.0% during the first quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock worth $8,227,000 after buying an additional 220,000 shares in the last quarter. Finally, Amundi grew its holdings in Collective Mining by 4.6% during the first quarter. Amundi now owns 760,602 shares of the company’s stock worth $13,394,000 after buying an additional 33,239 shares in the last quarter.

Analyst Ratings Changes

Separately, Zacks Research cut Collective Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Collective Mining Stock Down 2.2%

Collective Mining stock opened at $15.21 on Friday. Collective Mining Ltd. has a 52 week low of $9.77 and a 52 week high of $21.97. The business’s 50 day moving average price is $13.33. The company has a market cap of $1.41 billion, a PE ratio of -28.70 and a beta of -0.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.77.

Collective Mining Company Profile

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia.