Royal Bank of Canada Lowers Filo Mining (CVE:FIL) Price Target to C$33.00

Filo Mining (CVE:FIL) had its target price lowered by Royal Bank of Canada from C$34.00 to C$33.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 267.89% from the stock’s current price.

FIL has been the subject of several other research reports. Jefferies Financial Group cut shares of Filo Mining from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$36.00 to C$33.00 in a research report on Wednesday, July 31st. Ventum Financial lowered shares of Filo Mining from a “buy” rating to a “tender” rating and reduced their price objective for the stock from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Roth Capital lowered shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. CIBC reduced their price objective on shares of Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group reduced their price objective on shares of Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$32.75.

Filo Mining Price Performance

Shares of FIL opened at C$8.97 on Tuesday. The company has a 50 day moving average price of C$8.97 and a 200-day moving average price of C$8.97. Filo Mining has a fifty-two week low of C$1.60 and a fifty-two week high of C$11.97. The stock has a market capitalization of C$1.02 billion and a PE ratio of -46.72. 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 (CVE:FIL) last announced its quarterly earnings results on Friday, August 9th. The company reported C($0.19) earnings per share for the quarter, topping the consensus estimate of C($0.26) by C$0.07. Equities analysts predict that Filo Mining will post -3.2399998 earnings per share 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.