Roth Capital Lowers Filo Mining (CVE:FIL) to Hold

Roth Capital cut shares of Filo Mining (CVE:FIL) from a strong-buy rating to a hold rating in a report published on Wednesday, Zacks.com reports.

A number of other brokerages also recently weighed in on FIL. Canaccord Genuity Group reduced their target price on Filo Mining from C$33.00 to C$32.00 in a report on Monday, July 22nd. Scotiabank downgraded Filo Mining from an outperform rating to a sector perform rating and reduced their target price for the company from C$33.50 to C$33.00 in a report on Tuesday, July 30th. Ventum Financial downgraded Filo Mining from a buy rating to a tender rating and reduced their target price for the company from C$37.00 to C$33.00 in a report on Tuesday, July 30th. Jefferies Financial Group downgraded Filo Mining from a buy rating to a hold rating and reduced their target price for the company from C$36.00 to C$33.00 in a report on Wednesday. Finally, CIBC increased their price target on 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$33.25.

Filo Mining Trading Down 0.1 %

Shares of CVE:FIL opened at C$8.97 on Wednesday. The company has a market capitalization of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a 1 year low of C$1.60 and a 1 year high of C$11.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.86 and a quick ratio of 9.80. The business’s 50 day simple moving average is C$8.97 and its 200 day simple moving average is C$8.97.

Filo Mining (CVE:FIL) last issued its earnings results on Wednesday, May 8th. The company reported C($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, research analysts anticipate 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.