Foran Mining (CVE:FOM) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Foran Mining Co. (CVE:FOM)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.23 and traded as high as C$3.25. Foran Mining shares last traded at C$3.23, with a volume of 1,032,725 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on FOM shares. Eight Capital raised their target price on Foran Mining from C$6.00 to C$6.25 in a research report on Thursday, July 11th. Stifel Nicolaus lifted their price objective on Foran Mining from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets reduced their target price 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.

Foran Mining Price Performance

The business has a 50-day moving average of C$3.23 and a 200 day moving average of C$3.23. The company has a current ratio of 6.55, a quick ratio of 2.90 and a debt-to-equity ratio of 13.01. The firm has a market capitalization of C$828.20 million, a P/E ratio of -64.60 and a beta of 3.68.

About Foran Mining

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.