Collective Mining (TSE:CNL) Reaches New 12-Month High – Still a Buy?

Collective Mining Ltd. (TSE:CNL)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$16.06 and last traded at C$15.85, with a volume of 19428 shares trading hands. The stock had previously closed at C$15.09.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their target price on Collective Mining from C$9.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, March 17th.

Collective Mining Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18. The firm has a market cap of C$800.99 million, a PE ratio of -29.22 and a beta of 0.87. The business’s fifty day moving average is C$11.35 and its 200-day moving average is C$7.27.

About Collective Mining

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.