Cormark Comments on Filo Mining Corp.’s FY2024 Earnings (CVE:FIL)

Filo Mining Corp. (CVE:FIL) – Cormark decreased their FY2024 earnings per share estimates for shares of Filo Mining in a report released on Wednesday, April 24th. Cormark analyst S. Ioannou now expects that the company will post earnings per share of ($0.79) for the year, down from their previous estimate of ($0.74). The consensus estimate for Filo Mining’s current full-year earnings is ($3.24) per share. Cormark also issued estimates for Filo Mining’s FY2025 earnings at ($0.82) EPS.

Several other research analysts also recently commented on the company. Canaccord Genuity Group raised their price objective on Filo Mining from C$29.00 to C$30.00 and gave the stock a “speculative buy” rating in a research note on Wednesday, April 17th. National Bankshares set a C$35.00 target price on Filo Mining and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada raised their target price on shares of Filo Mining from C$27.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, January 22nd.

Filo Mining Stock Down 0.1 %

Shares of FIL stock opened at C$8.97 on Monday. The company has a current ratio of 9.86, a quick ratio of 9.80 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$1.02 billion and a P/E ratio of -46.72. Filo Mining has a 12 month low of C$1.60 and a 12 month high of C$11.97. The company has a 50 day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.97.

Filo Mining (CVE:FIL) last released its quarterly earnings results on Wednesday, March 20th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C($0.21) by C($0.04).

About Filo Mining

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.