Filo Mining (CVE:FIL) PT Raised to C$40.00 at CIBC

Filo Mining (CVE:FIL) had its target price hoisted by research analysts at CIBC from C$38.50 to C$40.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 345.93% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group set a C$34.00 price target on shares of Filo Mining and gave the company a “buy” rating in a research note on Friday, May 3rd. Canaccord Genuity Group lifted their price target on shares of Filo Mining from C$29.00 to C$30.00 and gave the company a “speculative buy” rating in a research note on Wednesday, April 17th. Finally, National Bankshares boosted their price objective on shares of Filo Mining from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$33.17.

Filo Mining Stock Performance

Shares of FIL opened at C$8.97 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. Filo Mining has a twelve month low of C$1.60 and a twelve month high of C$11.97. The firm’s 50 day moving average price is C$8.97 and its two-hundred day moving average price is C$8.97. The firm has a market cap of C$1.02 billion and a P/E ratio of -46.72.

Filo Mining (CVE:FIL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, analysts forecast that Filo Mining will post -3.2399998 EPS for the current fiscal year.

Filo Mining Company Profile

Filo Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina. Its flagship property is the Filo del Sol project, a copper, gold, and silver project located along the border of Region III, Chile and San Juan Province, Argentina.