Filo Mining Corp. (CVE:FIL) Forecasted to Post FY2024 Earnings of ($1.01) Per Share

Filo Mining Corp. (CVE:FIL) – Analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for Filo Mining in a report released on Wednesday, October 9th. National Bank Financial analyst R. Nizami forecasts that the company will earn ($1.01) per share for the year. The consensus estimate for Filo Mining’s current full-year earnings is ($3.24) per share.

Filo Mining (CVE:FIL) last posted its earnings results on Friday, August 9th. The company reported C($0.19) EPS for the quarter, topping analysts’ consensus estimates of C($0.26) by C$0.07.

Several other brokerages have also commented on FIL. CIBC dropped their price target on Filo Mining from C$40.00 to C$33.00 in a research note on Tuesday, August 6th. Canaccord Genuity Group reduced their price target on Filo Mining from C$33.00 to C$32.00 in a report on Monday, July 22nd. Scotiabank downgraded Filo Mining from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$33.50 to C$33.00 in a report on Tuesday, July 30th. Roth Capital downgraded Filo Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Ventum Financial downgraded Filo Mining from a “buy” rating to a “tender” rating and reduced their target price for the stock from C$37.00 to C$33.00 in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Filo Mining has an average rating of “Moderate Buy” and a consensus target price of C$32.75.

Filo Mining Stock Down 0.1 %

FIL opened at C$8.97 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. Filo Mining has a one year low of C$1.60 and a one year high of C$11.97. The business’s fifty day moving average is C$8.97 and its two-hundred day moving average is C$8.97. The company has a market cap of C$1.02 billion and a price-to-earnings ratio of -46.72.

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.