CNL Should I Buy
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Collective Mining Ltd (CNL) is not a strong buy for a beginner, long-term investor at this moment. While the stock has shown positive price movement recently and has strong analyst support with raised price targets, the lack of significant financial growth, neutral technical indicators, and absence of recent news or influential trading activity do not make it an immediate buy. Holding or monitoring the stock for further developments is recommended.
The MACD is below zero and negatively contracting, indicating a lack of bullish momentum. RSI is neutral at 49.155, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 16.884, with resistance at 18.041 and support at 15.726.
Analysts have raised price targets significantly, citing strong drill results and a credible project model. Hedge funds have shown a sharp increase in buying activity, up 324.14% over the last quarter.
No recent news or significant insider trading activity. Financial performance remains weak, with no revenue and negative net income, despite YoY improvements.
In Q3 2025, revenue remained at 0 with no growth. Net income improved YoY but remains negative at -10,843,767. EPS improved to -0.13, up 44.44% YoY. Gross margin is still 0, indicating no operational profitability.
Analysts are bullish, with Roth Capital raising the price target to $25 and maintaining a Buy rating, and BMO Capital and Scotiabank raising price targets to C$31 and C$28, respectively, with Outperform ratings.
