Foran Mining (CVE:FOM) Price Target Raised to C$5.00

Foran Mining (CVE:FOM) had its price target raised by Stifel Nicolaus from C$4.75 to C$5.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on FOM. BMO Capital Markets dropped their price objective on Foran Mining from C$5.25 to C$5.00 and set an outperform rating on the stock in a report on Wednesday, September 18th. Ventum Financial increased their price objective on Foran Mining from C$5.75 to C$6.00 in a report on Tuesday, June 4th. Finally, Eight Capital raised their price target on Foran Mining from C$6.00 to C$6.25 in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$5.51.

Foran Mining Price Performance

Shares of CVE FOM opened at C$3.23 on Tuesday. The stock’s 50-day moving average is C$3.23 and its two-hundred day moving average is C$3.23. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90. Foran Mining has a 1-year low of C$2.02 and a 1-year high of C$4.32. The company has a market cap of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68.

Foran Mining Company Profile

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.