Scotiabank Reiterates “C$8.50” Price Target for Collective Mining (TSE:CNL)

Scotiabank set a C$8.50 target price on Collective Mining (TSE:CNL) in a research report released 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 Collective Mining from C$8.25 to C$8.75 in a report on Tuesday, July 23rd.

Collective Mining Price Performance

Shares of CNL opened at C$5.20 on Monday. The company has a market capitalization of C$354.90 million, a price-to-earnings ratio of -11.06 and a beta of 0.87. Collective Mining has a fifty-two week low of C$3.02 and a fifty-two week high of C$5.50. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18. The business’s 50-day moving average is C$4.65 and its 200-day moving average is C$4.18.

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.