Royal Bank of Canada Trims Filo Mining (CVE:FIL) Target Price to C$33.00

Filo Mining (CVE:FIL) had its price target reduced by Royal Bank of Canada from C$34.00 to C$33.00 in a research report released on Tuesday, Marketbeat.com reports. They currently have a sector perform rating on the stock.

A number of other analysts have also commented on the stock. Ventum Financial lowered shares of Filo Mining from a buy rating to a tender rating and decreased their price target for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. CIBC decreased their price target on shares of Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th. Canaccord Genuity Group decreased their price target on shares of Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. Jefferies Financial Group lowered shares of Filo Mining from a buy rating to a hold rating and decreased their price target for the company from C$36.00 to C$33.00 in a research note on Wednesday, July 31st. Finally, Scotiabank lowered shares of 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 research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$32.75.

Filo Mining Stock Performance

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

Filo Mining (CVE:FIL) last announced its quarterly earnings results on Friday, August 9th. The company reported C($0.19) EPS for the quarter, beating analysts’ consensus estimates of C($0.26) by C$0.07. As a group, sell-side analysts anticipate that Filo Mining will post -3.2399998 EPS for the current 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.