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

Collective Mining (TSE:CNL) had its target price boosted by research analysts at Scotiabank from C$9.50 to C$12.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential downside of 8.95% from the company’s current price.

Collective Mining Stock Up 7.7 %

CNL opened at C$13.18 on Monday. 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 has a 50 day moving average price of C$8.30 and a 200-day moving average price of C$5.84. Collective Mining has a twelve month low of C$3.02 and a twelve month high of C$13.35. The stock has a market capitalization of C$724.08 million, a price-to-earnings ratio of -26.42 and a beta of 0.87.

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.