Collective Mining (TSE:CNL) Given a C$8.50 Price Target by Scotiabank Analysts

Collective Mining (TSE:CNL) has been given a C$8.50 price target by analysts at Scotiabank in a research report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 62.84% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price objective on shares of Collective Mining from C$8.25 to C$8.75 in a research note on Tuesday, July 23rd.

Collective Mining Stock Performance

Collective Mining stock opened at C$5.22 on Monday. The company has a market cap of C$356.27 million, a PE ratio of -11.11 and a beta of 0.87. The company has a current ratio of 7.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Collective Mining has a 1 year low of C$3.02 and a 1 year high of C$5.50. The company’s 50-day moving average is C$4.63 and its two-hundred day moving average is C$4.17.

About Collective Mining

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.