Roth Capital Lowers Filo Mining (CVE:FIL) to Hold

Roth Capital downgraded shares of Filo Mining (CVE:FIL) from a strong-buy rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Ventum Financial downgraded shares of Filo Mining from a buy rating to a tender rating and lowered their price target for the company from C$37.00 to C$33.00 in a report on Tuesday. Canaccord Genuity Group lowered their target price on shares of Filo Mining from C$33.00 to C$32.00 in a research note on Monday, July 22nd. Jefferies Financial Group downgraded shares of Filo Mining from a buy rating to a hold rating and dropped their target price for the stock from C$36.00 to C$33.00 in a report on Wednesday. CIBC raised their price target on Filo Mining from C$38.50 to C$40.00 and gave the company an outperform rating in a report on Thursday, June 20th. Finally, Scotiabank lowered Filo Mining from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$33.50 to C$33.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Filo Mining currently has an average rating of Moderate Buy and an average target price of C$33.25.

Filo Mining Price Performance

Shares of Filo Mining stock opened at C$8.97 on Wednesday. The stock has a market cap of C$1.02 billion and a P/E ratio of -46.72. 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 stock’s fifty day moving average is C$8.97 and its 200 day moving average is C$8.97. Filo Mining has a one year low of C$1.60 and a one year high of C$11.97.

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