Collective Mining (TSE:CNL) Price Target Raised to C$12.00

Collective Mining (TSE:CNL) had its price target increased by Scotiabank from C$9.50 to C$12.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Collective Mining Stock Performance

Shares of Collective Mining stock opened at C$13.75 on Monday. The firm has a market capitalization of C$755.40 million, a P/E ratio of -27.56 and a beta of 0.87. Collective Mining has a 52 week low of C$3.02 and a 52 week high of C$13.75. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is C$8.45 and its two-hundred day moving average is C$5.90.

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.