Collective Mining (TSE:CNL - Get Free Report) had its price target upped by research analysts at Scotiabank from C$9.50 to C$12.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would suggest a potential downside of 9.43% from the stock's current price.
Collective Mining Stock Up 0.5 %
Shares of TSE CNL traded up C$0.07 during mid-day trading on Monday, hitting C$13.25. The company had a trading volume of 24,873 shares, compared to its average volume of 141,109. The company has a market capitalization of C$727.93 million, a PE ratio of -26.56 and a beta of 0.87. The firm has a 50-day simple moving average of C$8.30 and a two-hundred day simple moving average of C$5.84. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. Collective Mining has a one year low of C$3.02 and a one year high of C$13.50.
About Collective Mining
(
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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.
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