Filo Mining (CVE:FIL) Price Target Cut to C$32.00 by Analysts at Canaccord Genuity Group

Filo Mining (CVE:FIL) had its target price trimmed by Canaccord Genuity Group from C$33.00 to C$32.00 in a research note issued to investors on Monday, BayStreet.CA reports.

A number of other analysts also recently commented on the stock. National Bankshares boosted their price target on shares of Filo Mining from C$36.00 to C$38.00 and gave the stock an outperform rating in a research report on Monday, June 10th. Scotiabank boosted their target price on Filo Mining from C$29.00 to C$33.50 in a report on Monday, July 15th. 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. Finally, Jefferies Financial Group boosted their price objective on Filo Mining from C$34.00 to C$36.00 in a research note on Friday, July 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of C$33.79.

Filo Mining Stock Performance

Shares of CVE FIL opened at C$8.97 on Monday. 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 PE ratio of -46.72. The stock has a 50 day simple moving average of C$8.97 and a 200-day simple moving average of C$8.97. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01.

Filo Mining (CVE:FIL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, equities research analysts forecast that Filo Mining will post -3.2399998 EPS for the current year.

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.