Filo Mining (CVE:FIL) had its target price increased by analysts at Canaccord Genuity from C$2.50 to C$5.00 in a report released on Monday, BayStreet.CA reports. Canaccord Genuity’s target price suggests a potential upside of 43.68% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Pi Financial reiterated a “buy” rating and issued a C$5.75 price target on shares of Filo Mining in a research note on Wednesday, March 31st. Haywood Securities raised their price objective on shares of Filo Mining from C$4.60 to C$6.50 in a report on Wednesday, March 3rd. Finally, National Bank Financial upgraded shares of Filo Mining from a “sector perform” rating to an “outperform” rating and set a C$3.50 target price for the company in a research note on Monday, January 18th.
CVE FIL traded down C$0.12 during trading hours on Monday, hitting C$3.48. 192,809 shares of the company were exchanged, compared to its average volume of 151,204. The company has a quick ratio of 8.96, a current ratio of 9.03 and a debt-to-equity ratio of 0.03. The firm has a market cap of C$385.48 million and a price-to-earnings ratio of -18.08. The company has a 50 day moving average of C$2.68 and a two-hundred day moving average of C$2.05. Filo Mining has a 52-week low of C$1.06 and a 52-week high of C$3.75.
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.
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