Collective Mining (TSE:CNL) Reaches New 1-Year High – Still a Buy?

Collective Mining Ltd. (TSE:CNL) reached a new 52-week high during trading on Thursday . The stock traded as high as C$6.15 and last traded at C$6.10, with a volume of 33850 shares traded. The stock had previously closed at C$5.97.

Analysts Set New Price Targets

Separately, Scotiabank set a C$8.50 target price on shares of Collective Mining and gave the company an “outperform” rating in a research note on Monday, November 4th.

Collective Mining Stock Performance

The stock has a fifty day moving average of C$5.29 and a 200-day moving average of C$4.43. The company has a market cap of C$417.69 million, a PE ratio of -13.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26.

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.