Filo Mining (CVE:FIL) Price Target Increased to C$25.00 by Analysts at Cormark

Filo Mining (CVE:FILGet Rating) had its target price upped by equities research analysts at Cormark from C$17.50 to C$25.00 in a report released on Thursday, BayStreet.CA reports. Cormark’s price objective would suggest a potential upside of 178.71% from the stock’s previous close.

A number of other research firms have also weighed in on FIL. Scotiabank increased their price objective on shares of Filo Mining from C$20.50 to C$25.00 in a research note on Thursday. BMO Capital Markets raised their price target on shares of Filo Mining from C$16.00 to C$20.00 in a research report on Friday, January 21st. Royal Bank of Canada set a C$21.00 price target on shares of Filo Mining and gave the company an “outperform” rating in a research report on Wednesday, March 9th. Pi Financial increased their price objective on shares of Filo Mining from C$13.50 to C$17.15 in a report on Tuesday, January 11th. Finally, National Bankshares raised their price target on shares of Filo Mining from C$22.50 to C$25.00 in a research note on Friday, April 8th.

CVE:FIL traded down C$0.01 during midday trading on Thursday, reaching C$8.97. 191,345 shares of the stock traded hands, compared to its average volume of 222,999. Filo Mining has a 12-month low of C$1.60 and a 12-month high of C$11.97. The business has a 50-day moving average of C$8.97 and a two-hundred day moving average of C$8.97. 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 stock has a market capitalization of C$1.02 billion and a PE ratio of -46.72.

About Filo Mining (Get Rating)

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.

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