Collective Mining (TSE:CNL) Given New C$8.25 Price Target at Canaccord Genuity Group

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

Collective Mining Price Performance

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

Insider Activity at Collective Mining

In related news, Director Paul Murphy sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$5.07, for a total value of C$50,700.00. Over the last three months, insiders sold 66,855 shares of company stock valued at $297,682. 33.40% of the stock is owned by corporate insiders.

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.