Collective Mining (TSE:CNL) Given a C$8.50 Price Target by Scotiabank Analysts

Scotiabank set a C$8.50 price objective on Collective Mining (TSE:CNL) in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Canaccord Genuity Group upped their target price on shares of Collective Mining from C$8.25 to C$8.75 in a research note on Tuesday, July 23rd.

Collective Mining Stock Down 1.7 %

CNL stock opened at C$5.20 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18. Collective Mining has a 1-year low of C$3.02 and a 1-year high of C$5.50. The stock has a market capitalization of C$354.90 million, a P/E ratio of -11.06 and a beta of 0.87. The business has a fifty day moving average price of C$4.61 and a 200-day moving average price of C$4.17.

Collective Mining Company Profile

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.