Foran Mining (CVE:FOM) Price Target Raised to C$6.00

Foran Mining (CVE:FOM) had its target price lifted by Scotiabank from C$4.50 to C$6.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on FOM. Ventum Financial boosted their price objective on shares of Foran Mining from C$5.25 to C$5.50 in a research report on Tuesday, December 16th. National Bankshares lifted their target price on shares of Foran Mining from C$4.50 to C$5.25 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Cormark boosted their price target on shares of Foran Mining from C$3.75 to C$4.25 in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.04.

Foran Mining Price Performance

Shares of FOM opened at C$3.23 on Thursday. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of -247.76 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 6.98, a current ratio of 6.03 and a quick ratio of 2.90. The business’s 50-day moving average is C$3.23 and its 200-day moving average is 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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.