Filo Mining (CVE:FIL) Given New C$30.00 Price Target at Canaccord Genuity Group

Filo Mining (CVE:FIL) had its price objective raised by investment analysts at Canaccord Genuity Group from C$29.00 to C$30.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 234.45% from the stock’s previous close.

Other analysts have also recently issued reports about the company. National Bankshares set a C$35.00 price target on Filo Mining and gave the company an “outperform” rating in a research report on Monday, January 8th. Royal Bank of Canada upped their price target on Filo Mining from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd.

Filo Mining Stock Performance

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

Filo Mining (CVE:FIL) last announced its quarterly earnings results on Wednesday, March 20th. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.21) by C($0.04). As a group, analysts predict that Filo Mining will post -3.2399998 EPS for the current fiscal year.

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.