National Bankshares Forecasts Strong Price Appreciation for Foran Mining (CVE:FOM) Stock

Foran Mining (CVE:FOM) had its price target boosted by research analysts at National Bankshares from C$5.25 to C$8.50 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 163.16% from the company’s current price.

FOM has been the subject of a number of other research reports. Scotiabank raised their target price on shares of Foran Mining from C$4.50 to C$6.00 in a research report on Thursday, January 8th. Ventum Financial raised their price objective on Foran Mining from C$5.25 to C$5.50 in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.58.

Foran Mining Stock Up 3.9%

CVE:FOM traded up C$0.12 during trading hours on Thursday, reaching C$3.23. 1,032,727 shares of the stock were exchanged, compared to its average volume of 494,615. The stock has a market cap of C$1.72 billion, a PE ratio of -247.76 and a beta of 3.68. Foran Mining has a twelve month low of C$2.02 and a twelve month high of C$4.32. The firm has a 50 day moving average of C$3.23 and a 200 day moving average of C$3.23. The company has a debt-to-equity ratio of 6.98, a current ratio of 6.03 and a quick ratio of 2.90.

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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.