Roth MKM raised the firm’s price target on Collective Mining (CNL) to $8 from $7 and keeps a Buy rating on the shares. The company’s Guayabales project in Colombia is one of the few large, high quality undeveloped gold projects available for acquisition, the analyst tells investors in a research note. Exploration results have surpassed the firm’s investment thesis for 2025, while the company also continues to upgrade and derisk its Apollo system and discover new deep gold zones, including the Ramp Zone, which is analogous to the nearby multi-million-ounce Marmato Deeps gold mine, Roth added.
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Read More on CNL:
- Collective Mining Reports Best Drill Intersection at Apollo Project
- Collective Mining Strengthens Board with New Appointment
- Collective Mining price target raised to C$11 from C$8.75 at BMO Capital
- Collective Mining price target raised to C$9.50 from C$8.50 at Scotiabank
- Collective Mining Expands High-Grade Gold Discovery in Colombia
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