Roth MKM analyst Mike Niehuser maintained a Buy rating on Collective Mining (CNL – Research Report) today and set a price target of $11.00. The company’s shares closed yesterday at $9.44.
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Niehuser covers the Basic Materials sector, focusing on stocks such as Collective Mining, Perpetua Resources, and Idaho Strategic Resources. According to TipRanks, Niehuser has an average return of 0.1% and a 39.34% success rate on recommended stocks.
Currently, the analyst consensus on Collective Mining is a Strong Buy with an average price target of $8.05.
Based on Collective Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.59 million. In comparison, last year the company had a GAAP net loss of $5.31 million
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNL in relation to earlier this year.
Read More on CNL:
- Collective Mining Expands Drill Program with $63.4 Million Financing
- Collective Mining Ltd. Files 2024 Annual Report, Strengthening Industry Position
- Sector Spotlight: President Trump paves way for expanded U.S. investment for Rio
- Collective Mining Secures C$63.4 Million Investment from Agnico Eagle
- Collective Mining price target raised to C$12 from C$9.50 at Scotiabank