Filo Mining (CVE:FIL) Stock Rating Lowered by Scotiabank

Filo Mining (CVE:FIL) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$33.00 price objective on the stock, down from their prior price objective of C$33.50. Scotiabank’s price objective would suggest a potential upside of 267.89% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. CIBC increased their price objective on shares of Filo Mining from C$38.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Jefferies Financial Group increased their price objective on shares of Filo Mining from C$34.00 to C$36.00 in a research note on Friday, July 12th. Canaccord Genuity Group dropped their price objective on shares of Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. Finally, National Bankshares increased their price objective on shares of Filo Mining from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.63.

Filo Mining Stock Down 0.1 %

Shares of Filo Mining stock traded down C$0.01 during trading on Tuesday, reaching C$8.97. The company had a trading volume of 191,345 shares, compared to its average volume of 222,999. The company has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72. The firm’s fifty day moving average is C$8.97 and its 200-day moving average is C$8.97. 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 fifty-two week low of C$1.60 and a fifty-two week high of C$11.97.

Filo Mining (CVE:FIL) last issued its earnings results on Wednesday, May 8th. The company reported C($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, analysts anticipate that Filo Mining will post -3.2399998 EPS for the current year.

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.