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

Collective Mining (TSE:CNL) had its target price upped by Scotiabank from C$9.50 to C$12.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Collective Mining Price Performance

CNL opened at C$12.24 on Monday. The stock’s 50-day moving average price is C$8.16 and its 200 day moving average price is C$5.78. Collective Mining has a 12-month low of C$3.02 and a 12-month high of C$12.50. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. The firm has a market cap of C$672.44 million, a price-to-earnings ratio of -24.53 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.