Filo Mining (CVE:FIL) Price Target Lowered to C$33.00 at CIBC

Filo Mining (CVE:FIL) had its target price reduced by investment analysts at CIBC from C$40.00 to C$33.00 in a report released on Tuesday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 267.89% from the company’s previous close.

FIL has been the topic of several other reports. Ventum Financial downgraded Filo Mining from a “buy” rating to a “tender” rating and cut their target price for the stock from C$37.00 to C$33.00 in a report on Tuesday, July 30th. Roth Capital downgraded shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. National Bankshares upped their target price on Filo Mining from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Jefferies Financial Group downgraded Filo Mining from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$36.00 to C$33.00 in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group reduced their price objective on shares of Filo Mining from C$33.00 to C$32.00 in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$32.38.

Filo Mining Trading Down 0.1 %

Shares of CVE:FIL traded down C$0.01 during midday trading on Tuesday, hitting C$8.97. The company had a trading volume of 191,345 shares, compared to its average volume of 222,999. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01. Filo Mining has a 12 month low of C$1.60 and a 12 month high of C$11.97. The stock has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72. The firm has a fifty day simple moving average of C$8.97 and a 200 day simple moving average of C$8.97.

Filo Mining (CVE:FIL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.34) EPS for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, analysts predict 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.