Foran Mining (TSE:FOM) Reaches New 52-Week High – Time to Buy?

Shares of Foran Mining Corp. (TSE:FOM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.44 and last traded at C$4.43, with a volume of 918332 shares traded. The stock had previously closed at C$4.27.

Wall Street Analyst Weigh In

FOM has been the topic of a number of research analyst reports. Ventum Cap Mkts upgraded shares of Foran Mining to a “strong-buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets raised Foran Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Foran Mining presently has an average rating of “Strong Buy”.

Foran Mining Price Performance

The business’s 50-day moving average is C$3.84 and its two-hundred day moving average is C$3.34. The firm has a market cap of C$2.39 billion, a P/E ratio of -88.80 and a beta of 0.48.

Foran Mining (TSE:FOM) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.02 earnings per share for the quarter.

Foran Mining Company Profile

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.