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Insider Selling: Filo Mining Corp. (CVE:FIL) Director Sells C$380,767.00 in Stock

kopsource ·  Aug 30, 2022 04:22

Filo Mining Corp. (CVE:FIL – Get Rating) Director James Andrew Beck sold 20,500 shares of the company's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of C$18.57, for a total value of C$380,767.00. Following the transaction, the director now owns 159,500 shares of the company's stock, valued at C$2,962,553.

Filo Mining Stock Down 0.1 %

Shares of CVE FIL opened at C$8.97 on Tuesday. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01. Filo Mining Corp. has a 12-month low of C$1.60 and a 12-month 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 firm's 50-day moving average price is C$8.97 and its 200-day moving average price is C$8.97.

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Analysts Set New Price Targets

Several analysts have recently commented on the company. Haywood Securities increased their target price on Filo Mining from C$34.00 to C$37.50 in a report on Tuesday, May 24th. BMO Capital Markets lifted their target price on Filo Mining from C$28.00 to C$30.00 in a research note on Tuesday, May 24th. National Bank Financial reaffirmed an "outperform spec overweight" rating on shares of Filo Mining in a report on Sunday, June 12th. Finally, National Bankshares decreased their price target on Filo Mining from C$35.00 to C$30.00 in a research note on Wednesday, July 6th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$24.18.

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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