The Manufacturers Life Insurance Company Buys Shares of 269,510 Collective Mining Ltd. $CNL

The Manufacturers Life Insurance Company purchased a new position in shares of Collective Mining Ltd. (NYSEAMERICAN:CNL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 269,510 shares of the company’s stock, valued at approximately $3,199,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNL. FNY Investment Advisers LLC bought a new stake in shares of Collective Mining in the 2nd quarter valued at $61,000. Deutsche Bank AG increased its position in shares of Collective Mining by 244.4% during the second quarter. Deutsche Bank AG now owns 7,715 shares of the company’s stock worth $95,000 after buying an additional 5,475 shares during the period. Pictet Asset Management Holding SA raised its stake in Collective Mining by 6.3% during the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock worth $191,000 after buying an additional 649 shares during the last quarter. Cibc World Market Inc. bought a new position in Collective Mining during the second quarter worth $348,000. Finally, TD Asset Management Inc lifted its holdings in Collective Mining by 5.4% in the second quarter. TD Asset Management Inc now owns 84,750 shares of the company’s stock valued at $1,042,000 after buying an additional 4,364 shares during the period.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Collective Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Collective Mining presently has an average rating of “Sell”.

Collective Mining Trading Down 0.2%

Shares of NYSEAMERICAN:CNL opened at $15.09 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.40 billion, a PE ratio of -28.47 and a beta of -0.84. The company’s fifty day moving average is $13.57. Collective Mining Ltd. has a 1-year low of $9.77 and a 1-year high of $21.97.

Collective Mining 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.