Collective Mining (TSE:CNL) Hits New 52-Week High – Should You Buy?

Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$15.27 and last traded at C$14.78, with a volume of 269517 shares. The stock had previously closed at C$14.71.

Analysts Set New Price Targets

Separately, Scotiabank upped their price target on shares of Collective Mining from C$9.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, March 17th.

Collective Mining Price Performance

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 business has a 50-day simple moving average of C$8.94 and a 200 day simple moving average of C$6.13. The firm has a market cap of C$811.98 million, a P/E ratio of -29.63 and a beta of 0.87.

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.