Canaccord Genuity Group Increases Collective Mining (TSE:CNL) Price Target to C$8.25

Collective Mining (TSE:CNL) had its price objective upped by stock analysts at Canaccord Genuity Group from C$7.25 to C$8.25 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 87.93% from the company’s current price.

Collective Mining Price Performance

Shares of CNL opened at C$4.39 on Tuesday. Collective Mining has a 52-week low of C$3.67 and a 52-week high of C$7.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 4.15. The business’s 50 day moving average price is C$4.19 and its two-hundred day moving average price is C$4.39. The firm has a market cap of C$285.96 million, a PE ratio of -9.76 and a beta of 0.69.

Insider Buying and Selling at Collective Mining

In related news, Director Paul Murphy sold 17,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$4.36, for a total value of C$76,300.00. Over the last three months, insiders have sold 66,855 shares of company stock valued at $297,682. 33.40% of the stock is currently owned by company insiders.

About Collective Mining

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.