Cormark Weighs in on Filo Mining Corp.’s FY2024 Earnings (CVE:FIL)

Filo Mining Corp. (CVE:FIL) – Equities researchers at Cormark reduced their FY2024 earnings per share estimates for Filo Mining in a note issued to investors on Wednesday, April 24th. Cormark analyst S. Ioannou now anticipates that the company will earn ($0.79) per share for the year, down from their previous forecast of ($0.74). The consensus estimate for Filo Mining’s current full-year earnings is ($3.24) per share. Cormark also issued estimates for Filo Mining’s FY2025 earnings at ($0.82) EPS.

FIL has been the topic of several other research reports. National Bankshares set a C$35.00 price objective on Filo Mining and gave the stock an “outperform” rating in a report on Monday, January 8th. Canaccord Genuity Group upped their price objective on shares of Filo Mining from C$29.00 to C$30.00 and gave the company a “speculative buy” rating in a research note on Wednesday, April 17th. Finally, 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 report on Monday, January 22nd.

Filo Mining Stock Down 0.1 %

Shares of CVE FIL opened at C$8.97 on Monday. The firm has a market cap of C$1.02 billion and a P/E ratio of -46.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. Filo Mining has a 1 year low of C$1.60 and a 1 year high of C$11.97. The firm’s 50 day moving average price is C$8.97 and its 200 day moving average price is C$8.97.

Filo Mining (CVE:FIL) last released its quarterly earnings results on Wednesday, March 20th. The company reported C($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.21) by C($0.04).

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.