Filo Mining (CVE:FIL) Price Target Lowered to C$33.00 at CIBC

Filo Mining (CVE:FIL) had its target price decreased by CIBC from C$40.00 to C$33.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 267.89% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. National Bankshares boosted their target price on shares of Filo Mining from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Scotiabank downgraded shares of Filo Mining from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$33.50 to C$33.00 in a research report on Tuesday, July 30th. Jefferies Financial Group downgraded shares of Filo Mining from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$36.00 to C$33.00 in a research report on Wednesday, July 31st. Canaccord Genuity Group reduced 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, Roth Capital cut shares of Filo Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$32.38.

Filo Mining Price Performance

Filo Mining stock traded down C$0.01 during mid-day 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. Filo Mining has a 1 year low of C$1.60 and a 1 year high of C$11.97. 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 company has a market capitalization of C$1.02 billion and a P/E ratio of -46.72. The stock’s 50-day simple moving average is C$8.97 and its 200-day simple moving average is C$8.97.

Filo Mining (CVE:FIL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.22) by C($0.12). On average, equities analysts predict 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.