Foran Mining (CVE:FOM) Price Target Raised to C$5.50

by · The Cerbat Gem

Foran Mining (CVE:FOM – Free Report) had its price target boosted by Ventum Financial from C$5.25 to C$5.50 in a report published on Tuesday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on FOM. Scotiabank lifted their price target on Foran Mining from C$4.25 to C$4.50 in a research report on Tuesday, October 28th. National Bankshares lifted their target price on Foran Mining from C$4.50 to C$5.25 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Cormark boosted their price target on shares of Foran Mining from C$3.75 to C$4.25 in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$4.79.

Get Our Latest Analysis on FOM

Foran Mining Trading Up 3.9%

Foran Mining stock opened at C$3.23 on Tuesday. Foran Mining has a 12-month low of C$2.02 and a 12-month high of C$4.32. The company has a debt-to-equity ratio of 6.98, a current ratio of 6.03 and a quick ratio of 2.90. The stock has a market capitalization of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. The firm has a 50 day simple moving average of C$3.23 and a 200-day simple moving average of C$3.23.

Foran Mining Company Profile

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Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for copper, zinc, gold, and silver deposits. Its flagship project is the McIlvenna Bay property comprising 38 claims that covers a total area of 20,907 hectares located in east central Saskatchewan.

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