Filo Mining (CVE:FIL) Trading Down 0.1%

Filo Mining Corp. (CVE:FIL)’s stock price traded down 0.1% on Friday . The stock traded as low as C$8.70 and last traded at C$8.97. 191,345 shares changed hands during trading, a decline of 14% from the average session volume of 222,999 shares. The stock had previously closed at C$8.98.

Analyst Ratings Changes

FIL has been the subject of a number of research reports. Ventum Financial lowered 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 report on Tuesday, July 30th. Jefferies Financial Group lowered shares of Filo Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from C$36.00 to C$33.00 in a report on Wednesday, July 31st. CIBC decreased their price objective on Filo Mining from C$40.00 to C$33.00 in a report on Tuesday, August 6th. Roth Capital downgraded Filo Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group decreased their price target on Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$32.38.

Filo Mining Price Performance

The business has a 50-day moving average of C$8.97 and a 200 day moving average of C$8.97. The firm has a market capitalization of C$1.02 billion and a P/E 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.

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.