Canaccord Genuity Group Raises Collective Mining (TSE:CNL) Price Target to C$8.25

Collective Mining (TSE:CNL) had its target price increased by equities researchers at Canaccord Genuity Group from C$7.25 to C$8.25 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 89.66% from the stock’s current price.

Collective Mining Price Performance

Shares of TSE:CNL traded down C$0.03 during trading on Tuesday, hitting C$4.35. 20,600 shares of the company’s stock were exchanged, compared to its average volume of 45,589. The business’s 50-day simple moving average is C$4.18 and its 200 day simple moving average is C$4.40. The company has a market cap of C$283.36 million, a price-to-earnings ratio of -9.71 and a beta of 0.69. Collective Mining has a 52-week low of C$3.67 and a 52-week high of C$7.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.15 and a quick ratio of 1.18.

Insider Transactions at Collective Mining

In other news, Director Paul Murphy sold 10,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$5.07, for a total transaction of C$50,700.00. Insiders have sold 66,855 shares of company stock valued at $297,682 in the last ninety days. Corporate insiders own 33.40% of the company’s stock.

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.