Filo Mining Corp. (CVE:FIL) Receives C$33.57 Average PT from Analysts

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

Several equities research analysts have weighed in on the company. CIBC dropped their price objective on Filo Mining from C$40.00 to C$33.00 in a report on Tuesday, August 6th. Royal Bank of Canada decreased their price objective on shares of Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Ventum Financial downgraded shares of Filo Mining from a “buy” rating to a “tender” rating and decreased their price target for the stock from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Roth Capital cut Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Scotiabank lowered Filo Mining from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$33.50 to C$33.00 in a research report on Tuesday, July 30th.

Filo Mining Price Performance

FIL stock opened at C$8.97 on Friday. The stock has a market capitalization of C$1.02 billion and a price-to-earnings ratio of -46.72. The firm’s 50-day moving average price is C$8.97 and its two-hundred day moving average price is C$8.97. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01. Filo Mining has a 12-month low of C$1.60 and a 12-month high of C$11.97.

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.