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Cormark Comments on Filo Mining Corp.'s FY2022 Earnings (CVE:FIL)

Defense World ·  Sep 2, 2022 01:11

Filo Mining Corp. (CVE:FIL – Get Rating) – Equities researchers at Cormark decreased their FY2022 earnings per share (EPS) estimates for shares of Filo Mining in a research note issued to investors on Tuesday, August 30th. Cormark analyst S. Ioannou now anticipates that the company will earn ($0.73) per share for the year, down from their prior forecast of ($0.71). The consensus estimate for Filo Mining's current full-year earnings is ($3.24) per share. Cormark also issued estimates for Filo Mining's FY2023 earnings at ($0.72) EPS.

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A number of other research analysts also recently weighed in on the company. National Bankshares cut their price target on Filo Mining from C$35.00 to C$30.00 in a research note on Wednesday, July 6th. Haywood Securities upped their price objective on shares of Filo Mining from C$34.00 to C$37.50 in a research report on Tuesday, May 24th. National Bank Financial restated an "outperform spec overweight" rating on shares of Filo Mining in a research report on Sunday, June 12th. Finally, BMO Capital Markets upped their price objective on shares of Filo Mining from C$28.00 to C$30.00 in a research report on Tuesday, May 24th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$24.18.

Filo Mining Stock Performance

FIL stock opened at C$8.97 on Thursday. The business's fifty day moving average is C$8.97 and its 200-day moving average is C$8.97. The company has a quick ratio of 9.80, a current ratio of 9.86 and a debt-to-equity ratio of 0.01. The company has a market cap of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a twelve month low of C$1.60 and a twelve month high of C$11.97.

Insiders Place Their Bets

In other Filo Mining news, Director James Andrew Beck sold 20,500 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of C$18.57, for a total transaction of C$380,767.00. Following the completion of the transaction, the director now owns 159,500 shares in the company, valued at approximately C$2,962,553.

Filo Mining Company Profile

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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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