Filo Mining Corp. (CVE:FIL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Filo Mining Corp. (CVE:FIL) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$32.75.

FIL has been the topic of several recent research reports. Roth Capital cut shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Ventum Financial cut shares of Filo Mining from a “buy” rating to a “tender” rating and dropped their price objective for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Scotiabank cut shares of Filo Mining from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$33.50 to C$33.00 in a research note on Tuesday, July 30th. Royal Bank of Canada dropped their price objective on shares of Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, Canaccord Genuity Group dropped their price objective on shares of Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd.

Filo Mining Stock Performance

Shares of Filo Mining stock opened at C$8.97 on Friday. The firm’s fifty day simple moving average is C$8.97 and its 200-day simple moving average is C$8.97. The stock has a market capitalization of C$1.02 billion and a price-to-earnings ratio of -46.72. Filo Mining has a 12 month low of C$1.60 and a 12 month 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.

Filo Mining (CVE:FIL) last announced its 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, equities analysts forecast that Filo Mining will post -3.2399998 earnings per share 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.