Collective Mining Ltd. $CNL Position Increased by Groupe la Francaise

Groupe la Francaise boosted its holdings in Collective Mining Ltd. (NYSEAMERICAN:CNL) by 88.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 470,000 shares of the company’s stock after buying an additional 220,000 shares during the quarter. Groupe la Francaise’s holdings in Collective Mining were worth $8,227,000 as of its most recent SEC filing.

Separately, Pictet Asset Management Holding SA lifted 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 valued at $191,000 after acquiring an additional 649 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Collective Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Collective Mining currently has an average rating of “Sell”.

Collective Mining Trading Down 6.3%

Shares of CNL opened at $12.32 on Friday. The business has a 50-day moving average of $13.59. 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 $1.14 billion, a PE ratio of -23.25 and a beta of -0.89. Collective Mining Ltd. has a 1-year low of $8.30 and a 1-year high of $21.97.

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.