Collective Mining Ltd. $CNL Shares Bought by Groupe la Francaise

Groupe la Francaise grew its holdings in shares of Collective Mining Ltd. (NYSEAMERICAN:CNL) by 88.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,000 shares of the company’s stock after buying an additional 220,000 shares during the period. Groupe la Francaise owned 0.51% of Collective Mining worth $8,227,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Pictet Asset Management Holding SA grew its holdings in Collective Mining by 6.3% in the 1st 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 in the last quarter.

Analysts Set New Price Targets

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

Collective Mining Trading Down 6.3%

Shares of Collective Mining stock opened at $12.32 on Friday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $13.59. Collective Mining Ltd. has a 52 week low of $8.30 and a 52 week high of $21.97. The company has a market capitalization of $1.14 billion, a PE ratio of -23.25 and a beta of -0.89.

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.