The Manufacturers Life Insurance Company Has $5.37 Million Stock Holdings in Collective Mining Ltd. $CNL

The Manufacturers Life Insurance Company decreased its holdings in shares of Collective Mining Ltd. (NYSEAMERICAN:CNL) by 24.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,308 shares of the company’s stock after selling 101,000 shares during the quarter. The Manufacturers Life Insurance Company owned 0.33% of Collective Mining worth $5,373,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Pictet Asset Management Holding SA raised its position in Collective Mining by 6.3% during 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.

Collective Mining Stock Performance

Shares of CNL opened at $13.38 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -25.25 and a beta of -0.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.77 and a quick ratio of 4.77. The company’s 50 day moving average is $13.38. Collective Mining Ltd. has a 52 week low of $9.19 and a 52 week high of $21.97.

Analysts Set New Price Targets

Separately, Zacks Research lowered Collective Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.