Scotiabank Predicts Collective Mining FY2026 Earnings

Collective Mining Ltd. (NYSEAMERICAN:CNL) – Scotiabank dropped their FY2026 EPS estimates for shares of Collective Mining in a report released on Wednesday, May 20th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of ($0.35) for the year, down from their previous forecast 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 Down 4.4%

Shares of CNL stock 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. Collective Mining has a 52 week low of $8.30 and a 52 week high of $21.97. The stock has a market cap of $1.45 billion, a PE ratio of -29.58 and a beta of -0.98. The firm has a 50 day simple moving average of $17.58.

Hedge Funds Weigh In On Collective Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Groupe la Francaise boosted its position in Collective Mining by 88.0% in the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock valued at $8,227,000 after buying an additional 220,000 shares during the period. Amundi boosted its position in Collective Mining by 4.6% in the 1st quarter. Amundi now owns 760,602 shares of the company’s stock valued at $13,394,000 after buying an additional 33,239 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in Collective Mining by 6.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock valued at $191,000 after buying an additional 649 shares during the period.

About Collective Mining

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.