Filo Mining Corp. (CVE:FIL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Filo Mining Corp. (CVE:FIL) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$32.75.

Several analysts recently weighed in on FIL shares. Roth Capital lowered Filo Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. CIBC lowered their target price on Filo Mining from C$40.00 to C$33.00 in a report on Tuesday, August 6th. Scotiabank lowered Filo Mining from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$33.50 to C$33.00 in a report on Tuesday, July 30th. Ventum Financial lowered Filo Mining from a “buy” rating to a “tender” rating and lowered their target price for the company from C$37.00 to C$33.00 in a report on Tuesday, July 30th. Finally, Royal Bank of Canada lowered their target price on 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.

Filo Mining Stock Down 0.1 %

Shares of Filo Mining stock 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 firm has a market cap of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a fifty-two week low of C$1.60 and a fifty-two week high of C$11.97. The business has a 50-day moving average price of C$8.97 and a 200 day moving average price of C$8.97.

Filo Mining (CVE:FIL) last announced its quarterly earnings data on Friday, August 9th. The company reported C($0.19) earnings per share for the quarter, beating the consensus estimate of C($0.26) by C$0.07. On average, sell-side analysts forecast that Filo Mining will post -3.2399998 earnings per share for the current fiscal year.

Filo Mining Company Profile

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.