Collective Mining (NASDAQ:CNL – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Collective Mining in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Collective Mining
Collective Mining Trading Down 5.0%
NASDAQ CNL opened at $12.79 on Wednesday. The company has a 50-day moving average of $12.54. Collective Mining has a 12 month low of $9.77 and a 12 month high of $21.97. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -19.98 and a beta of -0.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. increased its position in shares of Collective Mining by 5.5% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 136,764 shares of the company’s stock worth $1,682,000 after buying an additional 7,179 shares during the period. Public Employees Retirement System of Ohio bought a new position in Collective Mining during the second quarter worth $155,000. Groupe la Francaise raised its stake in Collective Mining by 8.5% during the second quarter. Groupe la Francaise now owns 510,000 shares of the company’s stock worth $6,278,000 after buying an additional 40,000 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Collective Mining in the second quarter valued at $1,375,000.
About Collective Mining
Collective Mining Ltd. is a Canadian mineral exploration company focused on discovering and advancing precious- and base-metal deposits in Colombia. Its exploration work targets gold, copper and silver mineralization. The company’s principal projects are Guayabales and San Antonio, located in Colombia’s Caldas mining district. Collective Mining was formed in 2021 and is focused on exploring its properties; it is not a producing mining company.
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