Filo Mining Corp. (CVE:FIL) Given Average Rating of “Moderate Buy” by Brokerages

Filo Mining Corp. (CVE:FIL) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$32.75.

FIL has been the topic of a number of research reports. Scotiabank downgraded Filo Mining from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$33.50 to C$33.00 in a research note on Tuesday, July 30th. Canaccord Genuity Group reduced their target price on Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. National Bankshares boosted their price target on Filo Mining from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Roth Capital lowered shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, CIBC cut their target price on shares of Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th.

Filo Mining Stock Down 0.1 %

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

Filo Mining (CVE:FIL) last issued its earnings results on Friday, August 9th. The company reported C($0.19) EPS for the quarter, topping analysts’ consensus estimates of C($0.26) by C$0.07. Analysts predict 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.