Foran Mining (TSE:FOM) Sets New 1-Year High – Here’s What Happened

Foran Mining Corp. (TSE:FOM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.26 and last traded at C$6.25, with a volume of 1815674 shares. The stock had previously closed at C$5.99.

Analyst Ratings Changes

FOM has been the topic of several analyst reports. BMO Capital Markets upgraded Foran Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Ventum Cap Mkts upgraded Foran Mining to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Foran Mining Stock Performance

The company has a market cap of C$3.39 billion, a P/E ratio of -125.60 and a beta of 0.55. The business’s 50-day moving average price is C$4.62 and its 200 day moving average price is C$3.68.

Foran Mining (TSE:FOM) last issued its earnings results on Friday, November 7th. The company reported C$0.02 earnings per share (EPS) for the quarter.

Foran Mining Company Profile

Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.