Filo Mining Corp. (CVE:FIL) Receives C$32.38 Consensus Target Price from Analysts

Filo Mining Corp. (CVE:FIL) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$32.38.

FIL has been the topic of several analyst reports. CIBC reduced their target price on Filo Mining from C$40.00 to C$33.00 in a report on Tuesday, August 6th. Ventum Financial lowered shares of Filo Mining from a “buy” rating to a “tender” rating and reduced their price objective for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Jefferies Financial Group downgraded shares of Filo Mining from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$36.00 to C$33.00 in a research note on Wednesday, July 31st. National Bankshares upped their price target on shares of Filo Mining from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Finally, Scotiabank downgraded Filo Mining from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$33.50 to C$33.00 in a report on Tuesday, July 30th.

Filo Mining Stock Down 0.1 %

Shares of FIL opened at C$8.97 on Friday. The company has a market capitalization of C$1.02 billion and a PE ratio of -46.72. The stock’s 50-day moving average price is C$8.97 and its two-hundred day moving average price is 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 has a 12 month low of C$1.60 and a 12 month high of C$11.97.

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.