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

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

FOM has been the subject of a number of other research reports. Eight Capital increased their price objective on Foran Mining from C$6.00 to C$6.25 in a research note on Thursday, July 11th. BMO Capital Markets dropped their price objective on Foran Mining from C$5.25 to C$5.00 and set an outperform rating for the company in a research note on Wednesday, September 18th. Finally, Ventum Financial increased their price objective on Foran Mining from C$5.75 to C$6.00 in a research note on Tuesday, June 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and an average target price of C$5.51.

Foran Mining Stock Performance

CVE:FOM opened at C$3.23 on Tuesday. 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 has a fifty-two week low of C$2.02 and a fifty-two week high of C$4.32. The company has a debt-to-equity ratio of 13.01, a quick ratio of 2.90 and a current ratio of 6.55. The business has a 50 day moving average price of C$3.23 and a 200-day moving average price of C$3.23.

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.