BMO Capital Markets Cuts Foran Mining (CVE:FOM) Price Target to C$5.00

Foran Mining (CVE:FOM) had its price target decreased by BMO Capital Markets from C$5.25 to C$5.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on FOM. Eight Capital raised their price target on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th. Ventum Financial lifted their target price on shares of Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th.

Foran Mining Stock Performance

Shares of FOM opened at C$3.23 on Wednesday. Foran Mining has a 12 month low of C$2.02 and a 12 month high of C$4.32. The stock has a fifty day moving average price of C$3.23 and a 200-day moving average price 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 cap of C$828.20 million, a PE 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.