Roth Capital raised the firm’s price target on Collective Mining (CNL) to $15 from $11 and keeps a Buy rating on the shares. The company is accelerating an aggressive drill program across its entire Guayabales project, which is proving to be transformative, the analyst tells investors in a research note. With a better understanding and placing pieces in proper context, Collective Mining geologists may exceed their initial goals and investor expectations, the firm added.
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