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Insider Selling: Filo Mining Corp. (CVE:FIL) Director Sells 2,200 Shares of Stock

Defense World ·  Sep 13, 2022 04:52

Filo Mining Corp. (CVE:FIL – Get Rating) Director Alessandro Bitelli sold 2,200 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of C$17.13, for a total value of C$37,686.00. Following the completion of the sale, the director now owns 125,000 shares in the company, valued at C$2,141,250.

Filo Mining Trading Down 0.1 %

Shares of FIL opened at C$8.97 on Tuesday. The company has a quick ratio of 9.80, a current ratio of 9.86 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 firm has a market capitalization of C$1.02 billion and a PE ratio of -46.72. The stock's fifty day simple moving average is C$8.97 and its 200-day simple moving average is C$8.97.

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Filo Mining (CVE:FIL – Get Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported C($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.11). As a group, research analysts predict that Filo Mining Corp. will post -3.2399998 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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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