Filo Mining (CVE:FIL) Downgraded by Ventum Financial to “Tender”

Ventum Financial downgraded shares of Filo Mining (CVE:FIL) from a buy rating to a tender rating in a research note published on Tuesday morning, BayStreet.CA reports. They currently have C$33.00 price objective on the stock, down from their previous price objective of C$37.00.

Other equities research analysts have also recently issued reports about the company. National Bankshares boosted their price objective on Filo Mining from C$36.00 to C$38.00 and gave the stock an outperform rating in a research note on Monday, June 10th. Canaccord Genuity Group cut their target price on Filo Mining from C$33.00 to C$32.00 in a research report on Monday, July 22nd. Scotiabank lowered Filo Mining from an outperform rating to a sector perform rating and decreased their price target for the company from C$33.50 to C$33.00 in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Filo Mining from C$34.00 to C$36.00 in a research note on Friday, July 12th. Finally, CIBC increased their target price on shares of Filo Mining from C$38.50 to C$40.00 and gave the company an outperform rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Filo Mining presently has a consensus rating of Moderate Buy and a consensus price target of C$33.25.

Filo Mining Stock Down 0.1 %

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

Filo Mining (CVE:FIL) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.34) EPS for the quarter, missing the consensus estimate of C($0.22) by C($0.12). As a group, equities analysts predict that Filo Mining will post -3.2399998 EPS 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.