Groupe la Francaise Has $6.28 Million Stake in Collective Mining Ltd. $CNL

Groupe la Francaise raised its stake in shares of Collective Mining Ltd. (NASDAQ:CNL) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Groupe la Francaise’s holdings in Collective Mining were worth $6,278,000 at the end of the most recent reporting period.

Separately, Bank of America Corp DE acquired a new stake in shares of Collective Mining in the 2nd quarter valued at approximately $1,375,000.

Analyst Ratings Changes

Several equities research analysts have commented on CNL shares. Zacks Research raised shares of Collective Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Weiss Ratings began coverage on shares of Collective Mining in a research report on Thursday, August 13th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Collective Mining Stock Performance

Shares of Collective Mining stock opened at $16.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99. The stock has a market capitalization of $1.55 billion, a PE ratio of -26.17 and a beta of -0.78. Collective Mining Ltd. has a one year low of $9.77 and a one year high of $21.97.

Collective Mining Company Profile

Collective Mining Ltd. is a Canadian mineral exploration and development company focused on discovering and advancing precious- and base-metal deposits in Colombia. The company’s activities include geological exploration, drilling, resource evaluation and project development, with an emphasis on high-grade gold, silver and copper opportunities.

Collective Mining’s principal assets are located in the Caldas region of Colombia, including the Guayabales and Plutus projects. Exploration at Guayabales has focused on multiple mineralized systems, including the Apollo system, while the company continues to assess additional targets across its Colombian exploration portfolio.

The company was established to pursue district-scale mineral opportunities in Colombia and is led by Executive Chairman Ari Sussman and President and Chief Executive Officer Alistair Waddell.