Collective Mining (TSE:CNL) Reaches New 1-Year High – Still a Buy?

Shares of Collective Mining Ltd. (TSE:CNL) reached a new 52-week high on Wednesday . The stock traded as high as C$23.08 and last traded at C$22.51, with a volume of 48874 shares traded. The stock had previously closed at C$21.83.

Wall Street Analyst Weigh In

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

Collective Mining Stock Performance

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 company has a fifty day moving average of C$18.32 and a two-hundred day moving average of C$16.84. The firm has a market capitalization of C$2.06 billion, a price-to-earnings ratio of -43.84 and a beta of 0.73.

Collective Mining Company Profile

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.