Edmond DE Rothschild Holding S.A. Buys New Shares in Collective Mining Ltd. $CNL

Key Points

• Edmond DE Rothschild Holding S.A. initiated a position in Collective Mining, purchasing 129,585 shares worth approximately $1.59 million, representing about 0.14% of the company.
• Several institutional investors increased their holdings during the first and second quarters, including Deutsche Bank, TD Asset Management, and Groupe la Francaise, which raised its stake by 88%.
• Analyst sentiment is negative: Zacks Research downgraded Collective Mining to “strong sell,” and the stock has a consensus rating of “Sell.” Shares opened at $15.21, within a 52-week range of $9.77 to $21.97.

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Collective Mining Ltd. (NYSEAMERICAN:CNL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 129,585 shares of the company's stock, valued at approximately $1,588,000. Edmond DE Rothschild Holding S.A. owned about 0.14% of Collective Mining at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Collective Mining in the 2nd quarter valued at about $61,000. Deutsche Bank AG increased its holdings in Collective Mining by 244.4% in the second quarter. Deutsche Bank AG now owns 7,715 shares of the company's stock worth $95,000 after purchasing an additional 5,475 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Collective Mining by 6.3% in the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company's stock valued at $191,000 after buying an additional 649 shares during the period. TD Asset Management Inc lifted its stake in Collective Mining by 5.4% in the second quarter. TD Asset Management Inc now owns 84,750 shares of the company's stock valued at $1,042,000 after buying an additional 4,364 shares during the period. Finally, Groupe la Francaise boosted its holdings in shares of Collective Mining by 88.0% during the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company's stock worth $8,227,000 after buying an additional 220,000 shares in the last quarter.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Collective Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Collective Mining Stock Performance

Shares of Collective Mining stock opened at $15.21 on Friday. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.01. Collective Mining Ltd. has a 52 week low of $9.77 and a 52 week high of $21.97. The firm has a 50 day moving average price of $13.33. The firm has a market capitalization of $1.41 billion, a PE ratio of -28.70 and a beta of -0.84.

About Collective Mining

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source