Brokerages Set Filo Mining Corp. (CVE:FIL) Price Target at C$32.38

Filo Mining Corp. (CVE:FIL) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$32.38.

A number of analysts have recently commented on FIL shares. Ventum Financial cut Filo Mining from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$37.00 to C$33.00 in a research report on Tuesday, July 30th. Scotiabank cut Filo Mining from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$33.50 to C$33.00 in a research note on Tuesday, July 30th. National Bankshares increased their target price 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. Roth Capital lowered Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, CIBC dropped their price target on shares of Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th.

Filo Mining Price Performance

FIL opened at C$8.97 on Friday. Filo Mining has a 12-month low of C$1.60 and a 12-month high of C$11.97. The company has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72. 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 stock has a fifty day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.97.

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.