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

Filo Mining Corp. (CVE:FIL) has received an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$33.57.

A number of research analysts have commented on the stock. Ventum Financial downgraded shares of Filo Mining from a “buy” rating to a “tender” rating and reduced their price objective for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Jefferies Financial Group cut shares of Filo Mining from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$36.00 to C$33.00 in a research report on Wednesday, July 31st. CIBC lowered 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 reduced 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 report on Tuesday, September 10th. 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 Stock Down 0.1 %

FIL stock opened at C$8.97 on Friday. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of C$8.97 and a 200-day simple moving average of C$8.97. The company has a market capitalization of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a twelve month low of C$1.60 and a twelve month high of C$11.97.

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.