Foran Mining (CVE:FOM) Price Target Raised to C$5.00

Foran Mining (CVE:FOM) had its price objective raised by Stifel Nicolaus from C$4.75 to C$5.00 in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also weighed in on FOM. Eight Capital increased their price target on Foran Mining from C$6.00 to C$6.25 in a report on Thursday, July 11th. Ventum Financial increased their price target on Foran Mining from C$5.75 to C$6.00 in a report on Tuesday, June 4th. Finally, BMO Capital Markets decreased their price target on Foran Mining from C$5.25 to C$5.00 and set an outperform rating on the stock in a report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Foran Mining has a consensus rating of Buy and an average target price of C$5.51.

Foran Mining Stock Up 3.9 %

Shares of FOM opened at C$3.23 on Tuesday. The stock has a market capitalization of C$828.20 million, a price-to-earnings ratio of -64.60 and a beta of 3.68. Foran Mining has a 1 year low of C$2.02 and a 1 year high of C$4.32. The business’s 50 day simple moving average is C$3.23 and its 200-day simple moving average is C$3.23. The company has a debt-to-equity ratio of 13.01, a current ratio of 6.55 and a quick ratio of 2.90.

About Foran Mining

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.