Filo Mining Corp. (CVE:FIL) Given Average Rating of “Hold” by Analysts

Filo Mining Corp. (CVE:FIL) has been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$33.57.

Several research firms have issued reports on FIL. Jefferies Financial Group cut shares of 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 research note on Wednesday, July 31st. Roth Capital downgraded Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Scotiabank lowered shares of Filo Mining from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$33.50 to C$33.00 in a report on Tuesday, July 30th. CIBC reduced their price objective on Filo Mining from C$40.00 to C$33.00 in a research report on Tuesday, August 6th. Finally, Ventum Financial cut 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 note on Tuesday, July 30th.

Filo Mining Stock Performance

CVE:FIL opened at C$8.97 on Friday. Filo Mining has a 52-week low of C$1.60 and a 52-week high of C$11.97. The business’s fifty day moving average is C$8.97 and its 200 day moving average is C$8.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. The firm has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72.

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.