Filo Mining (CVE:FIL) Shares Down 0.1% – Here’s Why

Filo Mining Corp. (CVE:FIL) fell 0.1% on Monday . The company traded as low as C$8.70 and last traded at C$8.97. 191,345 shares were traded during mid-day trading, a decline of 14% from the average session volume of 222,999 shares. The stock had previously closed at C$8.98.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$33.57.

Filo Mining Price Performance

The firm’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 debt-to-equity ratio of 0.01, a current ratio of 9.86 and a quick ratio of 9.80. The stock has a market cap of C$1.02 billion and a PE ratio of -46.72.

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.