Filo Mining (CVE:FIL – Get 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.
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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