Filo Mining Corp. (CVE:FIL) Receives Average Recommendation of “Hold” from Brokerages

Filo Mining Corp. (CVE:FIL) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$33.57.

A number of research firms have recently commented on FIL. Royal Bank of Canada cut their target price on Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Ventum Financial downgraded shares of Filo Mining from a “buy” rating to a “tender” rating and cut their price objective for the company from C$37.00 to C$33.00 in a research report on Tuesday, July 30th. CIBC decreased their target price on shares of Filo Mining from C$40.00 to C$33.00 in a report on Tuesday, August 6th. Canaccord Genuity Group cut their price target on shares of Filo Mining from C$33.00 to C$32.00 in a report on Monday, July 22nd. Finally, Scotiabank downgraded shares of Filo Mining from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$33.50 to C$33.00 in a research report on Tuesday, July 30th.

Filo Mining Stock Performance

Filo Mining stock opened at C$8.97 on Friday. Filo Mining has a twelve month low of C$1.60 and a twelve month high of C$11.97. 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 company has a market capitalization of C$1.02 billion and a P/E ratio of -46.72. The stock’s 50 day moving average is C$8.97 and its 200 day moving average is C$8.97.

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.