Cormark Boosts Foran Mining (CVE:FOM) Price Target to C$1.50


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Foran Mining (CVE:FOM) had its price target raised by analysts at Cormark from C$1.25 to C$1.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Cormark’s price objective points to a potential upside of 27.12% from the stock’s previous close.

Separately, Pi Financial reissued a “buy” rating and set a C$1.90 price objective on shares of Foran Mining in a report on Friday, February 19th.

FOM stock traded down C$0.02 during trading on Thursday, reaching C$1.18. 642,962 shares of the company were exchanged, compared to its average volume of 537,603. The company has a market cap of C$208.06 million and a P/E ratio of -80.00. Foran Mining has a 52-week low of C$0.10 and a 52-week high of C$1.28. The stock’s 50 day moving average price is C$1.00 and its 200 day moving average price is C$0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.75 and a current ratio of 2.86.

About Foran Mining

Foran Mining Corporation engages in the acquisition, exploration, and development of mineral properties in the Flin Flon Greenstone Belt in Saskatchewan, Canada. The company primarily explores for copper, zinc, lead, gold, and silver deposits. The company's flagship project is the McIlvenna Bay property that comprises 38 claims covering an area of 20,907 hectares located in east central Saskatchewan.

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