Filo Mining (FIL) to Release Quarterly Earnings on Friday

Filo Mining (CVE:FIL) will be posting its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Filo Mining to post earnings of C($0.25) per share for the quarter.

Filo Mining (CVE:FIL) last posted its quarterly earnings results on Friday, August 9th. The company reported C($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.26) by C$0.07.

Filo Mining Price Performance

Shares of CVE:FIL opened at C$8.97 on Thursday. The company has a 50 day moving average of C$8.97 and a 200 day moving average of C$8.97. The stock has a market cap of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a 12 month low of C$1.60 and a 12 month high of C$11.97. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of research firms have commented on FIL. Ventum Financial cut shares of Filo Mining from a “buy” rating to a “tender” rating and cut their price target for the stock from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Canaccord Genuity Group reduced their target price on shares of Filo Mining from C$33.00 to C$32.00 in a report on Monday, July 22nd. Jefferies Financial Group cut shares of Filo Mining from a “buy” rating to a “hold” rating and dropped their price target for the company from C$36.00 to C$33.00 in a research report on Wednesday, July 31st. Royal Bank of Canada dropped their price target on shares of Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Finally, Roth Capital cut shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$32.75.

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.