Collective Mining Ltd. $CNL Stock Position Lifted by Groupe la Francaise

Groupe la Francaise lifted its holdings in Collective Mining Ltd. (NASDAQ:CNL – Free Report) by 8.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 510,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Groupe la Francaise owned approximately 0.55% of Collective Mining worth $6,278,000 as of its most recent filing with the SEC.

Separately, Bank of America Corp DE bought a new position in Collective Mining in the 2nd quarter worth about $1,375,000.

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Collective Mining Stock Performance

NASDAQ:CNL opened at $16.75 on Tuesday. Collective Mining Ltd. has a 12 month low of $9.77 and a 12 month high of $21.97. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -26.17 and a beta of -0.78. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

A number of research firms recently commented on CNL. Zacks Research upgraded shares of Collective Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Weiss Ratings assumed coverage on Collective Mining in a research report on Thursday, August 13th. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Check Out Our Latest Report on Collective Mining

Collective Mining Profile

(Free Report)

Collective Mining Ltd. is a Canadian mineral exploration and development company focused on discovering and advancing precious- and base-metal deposits in Colombia. The company’s activities include geological exploration, drilling, resource evaluation and project development, with an emphasis on high-grade gold, silver and copper opportunities.

Collective Mining’s principal assets are located in the Caldas region of Colombia, including the Guayabales and Plutus projects. Exploration at Guayabales has focused on multiple mineralized systems, including the Apollo system, while the company continues to assess additional targets across its Colombian exploration portfolio.

The company was established to pursue district-scale mineral opportunities in Colombia and is led by Executive Chairman Ari Sussman and President and Chief Executive Officer Alistair Waddell.

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