09:35:55 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Filo Corp
Symbol FIL
Shares Issued 130,733,167
Close 2024-04-17 C$ 23.75
Market Cap C$ 3,104,912,716
Recent Sedar Documents

Globe says Filo maintained at "speculative buy"

2024-04-18 07:28 ET - In the News

The Globe and Mail reports in its Thursday, April 18, edition that after a "sluggish" start to 2024 for the base metals sector as "commodity markets grappled with mixed fundamental economic data, shifting sentiment, and the typical seasonal slowdown given the Chinese Lunar Week holiday in February," Canaccord Genuity analyst Dalton Baretto thinks commodity-specific fundamentals "appear to have finally become the primary driver of price formation, with the various commodity prices each starting to reflect their specific supply-demand fundamentals." The Globe's David Leeder writes that Filo is a top pick for Mr. Baretto. He continues to rate the shares "speculative buy." Mr. Baretto gave his share target a $1 boost to $30. Analysts on average target the shares at $31.67. Mr. Baretto says in a note, "In our view, the ongoing 40,000m drill campaign coupled with a potential consolidation of the Vicuna district could serve as significant catalysts this year." The Globe reported on Jan. 12, 2023, that Mr. Baretto had reaffirmed his "outperform" recommendation for Filo Mining when it was worth $24.34. The Globe reported on April 5 that National Bank rated Filo "outperform." It was then worth $24.97.

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