Scotiabank Predicts Collective Mining FY2026 Earnings

Collective Mining Ltd. (NYSEAMERICAN:CNL) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of Collective Mining in a report issued on Wednesday, May 20th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of ($0.35) for the year, down from their prior estimate of ($0.31). The consensus estimate for Collective Mining’s current full-year earnings is ($0.38) per share. Scotiabank also issued estimates for Collective Mining’s FY2027 earnings at ($0.25) EPS.

Collective Mining Stock Performance

NYSEAMERICAN:CNL opened at $15.68 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.77 and a quick ratio of 4.77. The stock has a market cap of $1.45 billion, a PE ratio of -29.58 and a beta of -0.98. The business’s 50 day moving average is $17.58. Collective Mining has a fifty-two week low of $8.30 and a fifty-two week high of $21.97.

Hedge Funds Weigh In On Collective Mining

Hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its position in shares of Collective Mining by 6.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock worth $191,000 after purchasing an additional 649 shares during the period. Groupe la Francaise boosted its position in shares of Collective Mining by 88.0% during the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock worth $8,227,000 after purchasing an additional 220,000 shares during the period. Finally, Amundi boosted its position in shares of Collective Mining by 4.6% during the 1st quarter. Amundi now owns 760,602 shares of the company’s stock worth $13,394,000 after purchasing an additional 33,239 shares during the period.

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.