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

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

A number of research analysts have commented on the company. CIBC decreased their price target on Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th. Roth Capital lowered Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Canaccord Genuity Group cut their price objective on Filo Mining from C$33.00 to C$32.00 in a research report on Monday, July 22nd. Scotiabank lowered Filo Mining from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$33.50 to C$33.00 in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group lowered Filo Mining from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$36.00 to C$33.00 in a research report on Wednesday, July 31st.

Filo Mining Stock Down 0.1 %

CVE:FIL opened at C$8.97 on Wednesday. The company has a quick ratio of 9.80, a current ratio of 9.86 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is C$8.97 and its two-hundred day moving average is C$8.97. Filo Mining has a 52 week low of C$1.60 and a 52 week high of C$11.97. The stock has a market capitalization of C$1.02 billion and a price-to-earnings ratio of -46.72.

Filo Mining (CVE:FIL) last released its quarterly earnings results on Friday, August 9th. The company reported C($0.19) EPS for the quarter, topping analysts’ consensus estimates of C($0.26) by C$0.07. Research analysts anticipate that Filo Mining will post -3.2399998 EPS 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.