Filo Mining Corp. (CVE:FIL) Receives Average Rating of “Hold” from Brokerages

Filo Mining Corp. (CVE:FIL) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$33.57.

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

Filo Mining Price Performance

Filo Mining stock opened at C$8.97 on Friday. The business has a 50-day simple moving average of C$8.97 and a 200 day simple moving average of C$8.97. Filo Mining has a 52 week low of C$1.60 and a 52 week high of C$11.97. The stock has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72. The company has a quick ratio of 9.80, a current ratio of 9.86 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.