Canaccord Genuity Group Increases Filo Mining (CVE:FIL) Price Target to C$30.00

Filo Mining (CVE:FIL) had its target price lifted by stock analysts at Canaccord Genuity Group from C$29.00 to C$30.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 234.45% from the stock’s current price.

Several other brokerages also recently weighed in on FIL. Royal Bank of Canada boosted their target price on shares of Filo Mining from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. National Bankshares set a C$35.00 target price on shares of Filo Mining and gave the company an “outperform” rating in a research note on Monday, January 8th.

Filo Mining Trading Down 0.1 %

Shares of FIL stock opened at C$8.97 on Wednesday. The firm has a 50-day moving average price of C$8.97 and a 200 day moving average price of C$8.97. Filo Mining has a twelve month low of C$1.60 and a twelve month high of C$11.97. The company has a market capitalization 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.

Filo Mining (CVE:FIL) last announced its earnings results on Wednesday, March 20th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C($0.21) by C($0.04). Research analysts forecast that Filo Mining will post -3.2399998 earnings per share for the current fiscal 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.