Foran Mining (CVE:FOM) Given New C$6.50 Price Target at Ventum Financial

Foran Mining (CVE:FOM) had its target price upped by Ventum Financial from C$6.00 to C$6.50 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on the company. BMO Capital Markets lowered their price objective on Foran Mining from C$5.25 to C$5.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 18th. Stifel Nicolaus lifted their price target on Foran Mining from C$4.75 to C$5.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th.

Foran Mining Price Performance

Foran Mining stock opened at C$3.23 on Thursday. The stock’s fifty day moving average price is C$3.23 and its two-hundred day moving average price is C$3.23. Foran Mining has a one year low of C$2.02 and a one year high of C$4.32. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90. 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.