Foran Mining (TSE:FOM) Reaches New 12-Month High – Should You Buy?

Foran Mining Corp. (TSE:FOM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$7.39 and last traded at C$7.31, with a volume of 1783849 shares. The stock had previously closed at C$6.91.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Ventum Cap Mkts raised Foran Mining to a “strong-buy” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus downgraded Foran Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Foran Mining Stock Performance

The firm has a fifty day simple moving average of C$5.54 and a 200-day simple moving average of C$4.14. The firm has a market cap of C$3.89 billion, a price-to-earnings ratio of -144.40 and a beta of 0.63.

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.