Foran Mining Co. (CVE:FOM – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.23 and traded as high as C$3.25. Foran Mining shares last traded at C$3.23, with a volume of 1,032,727 shares.
Analysts Set New Price Targets
A number of equities analysts have commented on FOM shares. Stifel Nicolaus downgraded shares of Foran Mining from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$5.50 to C$6.60 in a report on Wednesday, February 11th. Scotiabank cut Foran Mining from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$6.00 to C$6.60 in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$6.34.
Read Our Latest Stock Report on FOM
Foran Mining Price Performance
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. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.
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