Cormark Weighs in on Filo Mining Corp.’s FY2024 Earnings (CVE:FIL)

Filo Mining Corp. (CVE:FIL) – Research analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for Filo Mining in a report issued on Wednesday, July 31st. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of ($0.79) for the year, down from their previous forecast of ($0.25). The consensus estimate for Filo Mining’s current full-year earnings is ($3.24) per share. Cormark also issued estimates for Filo Mining’s FY2025 earnings at ($0.81) EPS.

A number of other equities research analysts have also issued reports on the stock. National Bankshares increased their target price on shares of Filo Mining from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Ventum Financial cut Filo Mining from a “buy” rating to a “tender” rating and reduced their price objective for the company from C$37.00 to C$33.00 in a research note on Tuesday, July 30th. Jefferies Financial Group cut Filo Mining from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$36.00 to C$33.00 in a research note on Wednesday, July 31st. Canaccord Genuity Group reduced their price target on Filo Mining from C$33.00 to C$32.00 in a research report on Monday, July 22nd. Finally, Roth Capital downgraded Filo Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$32.38.

Filo Mining Trading Down 0.1 %

CVE FIL opened at C$8.97 on Monday. 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 firm has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72. The firm has a 50 day simple moving average of C$8.97 and a 200-day simple moving average of 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 announced its 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).

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.