Collective Mining (TSE:CNL) Price Target Increased to C$8.25 by Analysts at Canaccord Genuity Group

Collective Mining (TSE:CNL) had its target price upped by Canaccord Genuity Group from C$7.25 to C$8.25 in a report released on Tuesday morning, BayStreet.CA reports.

Collective Mining Stock Performance

The firm has a 50 day moving average price of C$4.18 and a two-hundred day moving average price of C$4.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.15 and a quick ratio of 1.18. Collective Mining has a 52 week low of C$3.67 and a 52 week high of C$7.05. The firm has a market cap of C$280.75 million, a P/E ratio of -9.58 and a beta of 0.69.

Insider Activity at Collective Mining

In other Collective Mining news, Director Paul Murphy sold 36,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$4.36, for a total value of C$156,960.00. Insiders sold 66,855 shares of company stock valued at $297,682 in the last three months. Corporate insiders own 33.40% of the company’s stock.

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.