Collective Mining

CNL · TORONTO

$10.37−$0.14 (−1.33%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $10.51

CNL analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $22.32 (+115.2% upside)

Low: $17.94
Now: $10.37
High: $29.84

Upgrades and downgrades

The latest rating actions, newest first

CNL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Roth Capital	Jan 30, 2026	Maintains	Buy	$16.50 → $25.00	62%

The case for and against

Updated Jun 5, 2025

Bull case

Collective Mining Ltd is advancing its exploration efforts on large-scale copper-gold-molybdenum targets in Colombia, specifically at the Guayabales project, which is strategically located near the Marmato deposit. The company anticipates that its 2025 exploration program will enhance both the grade and confidence in resource estimations, possibly leading to a significant increase in mineable resources. Positive preliminary results from long holes in the Apollo system suggest potential improvements in overall grades and resource classification, which could enhance the project's economic viability.

Bear case

Collective Mining Ltd faces substantial risks that contribute to a negative outlook on its stock, primarily due to exploration uncertainties and the potential inability to define additional resources. The company's reliance on fluctuating prices of gold, silver, and copper, combined with operational and political risks in Colombia, further complicates its ability to achieve favorable economic recoveries. Additionally, access to capital for continued exploration and development remains a critical challenge, potentially hindering the company's prospects in realizing the full value of its projects.

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