Filo Mining (CVE:FIL) Lowered to Tender at Ventum Financial

Ventum Financial downgraded shares of Filo Mining (CVE:FIL) from a buy rating to a tender rating in a report issued on Tuesday morning, BayStreet.CA reports. They currently have C$33.00 target price on the stock, down from their prior target price of C$37.00.

A number of other equities analysts have also weighed in on FIL. Jefferies Financial Group upped their target price on Filo Mining from C$34.00 to C$36.00 in a research report on Friday, July 12th. CIBC upped their target price on Filo Mining from C$38.50 to C$40.00 and gave the stock an outperform rating in a research report on Thursday, June 20th. National Bankshares upped their target price on Filo Mining from C$36.00 to C$38.00 and gave the stock an outperform rating in a research report on Monday, June 10th. Scotiabank downgraded Filo Mining from an outperform rating to a sector perform rating and decreased their price target for the stock from C$33.50 to C$33.00 in a report on Tuesday. Finally, Canaccord Genuity Group decreased their price target on Filo Mining from C$33.00 to C$32.00 in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$33.25.

Filo Mining Price Performance

Shares of FIL opened at C$8.97 on Tuesday. Filo Mining has a 52-week low of C$1.60 and a 52-week high of C$11.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. The business’s 50 day moving average price is C$8.97 and its two-hundred day moving average price is C$8.97. The firm has a market cap of C$1.02 billion and a PE ratio of -46.72.

Filo Mining (CVE:FIL) last issued its 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 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.