Filo Mining Corp. (CVE:FIL) Receives C$32.75 Consensus PT from Analysts

Shares of Filo Mining Corp. (CVE:FIL) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$32.75.

FIL has been the subject of several recent analyst reports. Ventum Financial lowered Filo Mining from a “buy” rating to a “tender” rating and cut their price target for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Royal Bank of Canada cut their price target on Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Scotiabank lowered Filo Mining from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$33.50 to C$33.00 in a research note on Tuesday, July 30th. Roth Capital lowered Filo Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group lowered Filo Mining from a “buy” rating to a “hold” rating and cut their price target for the company from C$36.00 to C$33.00 in a research note on Wednesday, July 31st.

Filo Mining Stock Performance

CVE FIL opened at C$8.97 on Wednesday. The stock has a 50-day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.97. The firm has a market capitalization of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a fifty-two week low of C$1.60 and a fifty-two week high of C$11.97. 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 released its quarterly earnings data on Friday, August 9th. The company reported C($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.26) by C$0.07. On average, equities analysts forecast that Filo Mining will post -3.2399998 earnings per share for the current year.

About Filo Mining

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.