Ninepoint Partners LP Acquires Shares of 305,714 Collective Mining Ltd. $CNL

Ninepoint Partners LP bought a new position in Collective Mining Ltd. (NYSEAMERICAN:CNL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 305,714 shares of the company’s stock, valued at approximately $3,745,000. Ninepoint Partners LP owned approximately 0.33% of Collective Mining as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. purchased a new position in Collective Mining in the second quarter valued at about $1,588,000. Groupe la Francaise lifted its holdings 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 valued at $8,227,000 after buying an additional 220,000 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Collective Mining by 244.4% in the 2nd quarter. Deutsche Bank AG now owns 7,715 shares of the company’s stock valued at $95,000 after buying an additional 5,475 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Collective Mining by 6.3% in 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. Finally, TD Asset Management Inc raised its position in Collective Mining by 5.4% during the second quarter. TD Asset Management Inc now owns 84,750 shares of the company’s stock valued at $1,042,000 after acquiring an additional 4,364 shares in the last quarter.

Collective Mining Stock Down 2.2%

Shares of NYSEAMERICAN CNL opened at $15.21 on Friday. Collective Mining Ltd. has a 12 month low of $9.77 and a 12 month high of $21.97. The company has a market cap of $1.41 billion, a P/E ratio of -28.70 and a beta of -0.84. The stock has a 50 day simple moving average of $13.33. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Collective Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.