Collective Mining (TSE:CNL) Given New C$8.25 Price Target at Canaccord Genuity Group

Collective Mining (TSE:CNL) had its price objective raised by Canaccord Genuity Group from C$7.25 to C$8.25 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 87.93% from the company’s previous close.

Collective Mining Stock Performance

TSE:CNL opened at C$4.39 on Tuesday. The business has a 50 day moving average of C$4.19 and a 200 day moving average of C$4.39. The company has a market capitalization of C$285.96 million, a price-to-earnings ratio of -9.76 and a beta of 0.69. Collective Mining has a 1-year low of C$3.67 and a 1-year high of C$7.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.15 and a quick ratio of 1.18.

Insider Buying and Selling

In related news, Director Paul Murphy sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$5.07, for a total value of C$50,700.00. Insiders sold 66,855 shares of company stock worth $297,682 in the last quarter. 33.40% of the stock is owned by 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.