Filo Mining (CVE:FIL) Price Target Increased to C$30.00 by Analysts at Canaccord Genuity Group

Filo Mining (CVE:FIL) had its price objective hoisted by 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 price objective would indicate a potential upside of 234.45% from the stock’s current price.

A number of other brokerages also recently weighed in on FIL. Royal Bank of Canada upped their target price on Filo Mining from C$27.00 to C$30.00 and gave the company an “outperform” rating in a report 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 traded down C$0.01 during trading hours on Wednesday, reaching C$8.97. 191,345 shares of the stock traded hands, compared to its average volume of 222,999. The business has a fifty day moving average price of C$8.97 and a 200 day moving average price of C$8.97. Filo Mining has a 1-year low of C$1.60 and a 1-year high of C$11.97. The company has a quick ratio of 9.80, a current ratio of 9.86 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of C$1.02 billion and a PE ratio of -46.72.

Filo Mining (CVE:FIL) last issued its earnings results on Wednesday, March 20th. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.21) by C($0.04). On average, equities research analysts forecast that Filo Mining will post -3.2399998 EPS for the current year.

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.