Collective Mining (TSE:CNL) Sets New 52-Week High – What’s Next?

Collective Mining Ltd. (TSE:CNL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$20.96 and last traded at C$20.73, with a volume of 90825 shares. The stock had previously closed at C$19.27.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$22.75 price objective on shares of Collective Mining and gave the company an “outperform” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.38.

Collective Mining Stock Up 0.2%

The business has a 50-day simple moving average of C$16.19 and a 200-day simple moving average of C$15.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of -40.61 and a beta of 0.56.

Collective Mining Company Profile

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.