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

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

Several other equities analysts also recently weighed in on the stock. Eight Capital lifted their price target on shares of 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 Trading Up 3.9 %

Shares of FOM stock opened at C$3.23 on Wednesday. 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 company has a market cap 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 firm has a fifty day moving average price of C$3.23 and a 200-day moving average price of C$3.23.

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.