How to Buy Collective Mining Stock
Collective Mining Ltd
Collective Mining is a gold company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker CNL on the NYSEMKT exchange.
Collective Mining stock last closed at $10.75, up 0.75% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Gold industry by N/A percentage points. Collective Mining stock is currently +342.39% from its 52-week low of $2.43, and -7.41% from its 52-week high of $11.61.
At the moment, there are 77.6M shares of CNL outstanding. The market value of CNL is $834.22M. In the last 24 hours, 81,748 CNL shares were traded.
How to Buy Collective Mining Stock
Wondering how to invest in Collective Mining stock? Here's how.
- Decide where to buy Collective Mining stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Collective Mining stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Analyze Collective Mining stock: The Collective Mining ticker symbol is CNL. Is Collective Mining stock a good investment? Should you buy shares of CNL? How do CNL's underlying business fundamentals look? Do top analysts think Collective Mining is a good buy? Why has CNL's stock price moved recently? (Hint: Our stock research website can help you understand if CNL is a good stock to buy).
- Execute your CNL purchase: Decide if you will purchase CNL shares at the current market price or use a limit order to buy CNL shares at a given price.
- Track your CNL position: Create a watchlist to important notifications about your position in Collective Mining stock.
Step 1: Decide where to buy Collective Mining stock
You need a brokerage account in order to access the NYSEMKT market and buy CNL stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal information so you can buy CNL stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on stock market apps, you need to deposit funds:
Watch the tutorial below to see the process of transferring money into your brokerage account.
Step 4: Analyze Collective Mining stock
After you have figured out the best place to buy Collective Mining stock, it's important to analyze their stock prior to investing, so you actually understand the risk as well as the opportunity.
Collective Mining quick stats
CNL Due Diligence Score
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on CNL's stock page.
How is CNL stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge CNL's intrinsic value.
Using relative valuations metrics:
- CNL may be overvalued based on its P/B ratio of 22.54x, relative to Gold industry P/B ratio of 2.49x
You can access additional valuation analysis on CNL's stock here.
CNL Financial Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the CNL balance sheet.
- CNL has cash burn of 22809527. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CNL balance sheet.
- CNL has $38.93M in cash and short term investments. This is sufficient to cover its annual cash burn of $22.81M.
- CNL has a low debt to equity ratio of 0.15.
Is it a good time to buy Collective Mining stock, according to Wall Street analysts?
Out of 1 sell side analysts who give recommendations on CNL, the consensus analyst rating on CNL is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Collective Mining stock forecast page.
CNL Trading Indicators
Latest Insiders Trades at CNL
In the last 12 months, executives and large shareholders at CNL have not bought or sold any shares.
Learn more about who owns CNL shares here.
Does CNL stock generate passive income?
No, Collective Mining doesn't provide an income stream by paying out dividends.
What others are saying about CNL
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your CNL purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, place a limit order.
Click the Open button and your broker will execute your order.
If you require more assistance buying stocks on eToro, click the helpful video below:
Step 6: Track your CNL position
Now that you own some CNL shares, you'll want to keep up with your shares.
Start a watchlist to track your CNL stock.
CNL Feed
How to Buy Stock in Collective Mining
To reiterate, here are the 6 steps you need to take to buy Collective Mining stock right now:
- Decide where to buy Collective Mining stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Collective Mining stock
- Execute your CNL purchase
- Track your CNL position
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Collective Mining, click the button below.
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